Europe is undergoing a previously unwitnessed ageing of the population. In view of this, social inclusion of the elderly and strategies to promote voluntary work among older people are now important items on the EU’s political agenda. This report is based on 30 case studies from 11 Member...

Recognizing that people value employment not only to earn income to satisfy their consumption needs, but also as a means to gain socio-psychological (nonpecuniary) benefits, we show that once nonpecuniary work incentives are incorporated into standard labor supply theory, (i) the wage rate...