TY - UNPB
T1 - The effect of job displacement on the transitions to employment and early retirement for older workers in four European countries
AU - Tatsiramos, Konstantinos
PY - 2007
Y1 - 2007
N2 - Despite the increased frequency of job loss for older workers in Europe, little is known on its effect on the work-retirement decision. Employing individual data from the European Community Household Panel for Germany, Italy, Spain, and the U.K., a multivariate competing-risks hazard model is estimated in which the effect of job displacement is identified separately for transitions into re-employment and retirement. The findings suggest that in countries with institutional provisions for older unemployed which offer a pathway to early retirement such as, Germany and Spain, older displaced workers exhibit lower re- employment and higher retirement rates compared to the non-displaced. These results are robust to dynamic selection due to unobserved heterogeneity and to the endogeneity of displacement.
AB - Despite the increased frequency of job loss for older workers in Europe, little is known on its effect on the work-retirement decision. Employing individual data from the European Community Household Panel for Germany, Italy, Spain, and the U.K., a multivariate competing-risks hazard model is estimated in which the effect of job displacement is identified separately for transitions into re-employment and retirement. The findings suggest that in countries with institutional provisions for older unemployed which offer a pathway to early retirement such as, Germany and Spain, older displaced workers exhibit lower re- employment and higher retirement rates compared to the non-displaced. These results are robust to dynamic selection due to unobserved heterogeneity and to the endogeneity of displacement.
KW - Demand and Supply of Labor
KW - Demographic Economics
KW - Economics of the Elderly
KW - Economics of the Handicapped
KW - Labor and Demographic Economics
KW - Layoffs
KW - Mobility, Unemployment, Vacancies, and Immigrant Workers
KW - Non-Labor Market Discrimination
KW - Retirement
KW - Retirement Policies
KW - Turnover
KW - Unemployment: Models, Duration, Incidence, and Job Search
KW - Vacancies
KW - competing risks
KW - job displacement
KW - job loss
KW - unemployment duration
UR - https://www.mendeley.com/catalogue/281cf910-b13c-3447-a386-864af7f675d4/
M3 - Working paper
T3 - IZA Discussion Paper
BT - The effect of job displacement on the transitions to employment and early retirement for older workers in four European countries
CY - Bonn
ER -