TY - JOUR
T1 - Job displacement and the transitions to re-employment and early retirement for non-employed older workers
AU - Tatsiramos, Konstantinos
PY - 2010/5
Y1 - 2010/5
N2 - Despite the relatively higher frequency of job displacement among older workers in Europe, little is known about its effect on the work-retirement decision. Employing individual data from the European Community Household Panel for a number of countries with differences in their institutional environments, the effect of job displacement for non-employed workers is identified separately for the transitions into re-employment and retirement. The findings suggest that in countries with relatively more generous unemployment insurance provisions for the older unemployed, which offer a pathway to early retirement, 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 relatively higher frequency of job displacement among older workers in Europe, little is known about its effect on the work-retirement decision. Employing individual data from the European Community Household Panel for a number of countries with differences in their institutional environments, the effect of job displacement for non-employed workers is identified separately for the transitions into re-employment and retirement. The findings suggest that in countries with relatively more generous unemployment insurance provisions for the older unemployed, which offer a pathway to early retirement, 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 - Institutions
KW - Job displacement
KW - Retirement
KW - Unemployment duration
UR - https://www.mendeley.com/catalogue/31605a29-da6b-3560-a95e-a8563d90b53c/
U2 - 10.1016/j.euroecorev.2009.10.001
DO - 10.1016/j.euroecorev.2009.10.001
M3 - Article
SN - 0014-2921
VL - 54
SP - 517
EP - 535
JO - European Economic Review
JF - European Economic Review
IS - 4
ER -