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Economic Incentives and Labour Market Transitions of the Aged Finnish Workforce

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Author Info
Tuulia Hakola
Abstract

This PhD thesis is a collection of studies on retirement in Finland. The main purpose is to assess labour market transitions of the aged and focus on the e.ect of the economic incentives. All of the studies are empirical and use large micro panels. The first study describes the main features of the pension system, and tests whether economic incentives have an e.ect on how long individuals stay at work. The second study takes a deeper focus on disability and unemployment, and analyses the e.ect of the disability application rejections. The third study assesses part-time retirements. Financial incentives for full-time work, part-time pension and full-time pension are compared, and estimates are provided for the most likely labour market choice in case the part-time pension is not available. The fourth study considers the e.ect of the incentives to the firm to displace their elderly workers.

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Paper provided by Government Institute for Economic Research (VATT) in its series VATT Research Reports with number 89.

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Date of creation: 20 Jun 2002
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Handle: RePEc:fer:resrep:89

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Related research
Keywords: Early retirement disability pensions disability applications unemployment part-time pensions

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Find related papers by JEL classification:
J00 - Labor and Demographic Economics - - General - - - General
H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
D00 - Microeconomics - - General - - - General
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. John Rust & Christopher Phelan, 1997. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Econometrica, Econometric Society, vol. 65(4), pages 781-832, July.
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  2. Feldstein, Martin S, 1978. "The Effect of Unemployment Insurance on Temporary Layoff Unemployment," American Economic Review, American Economic Association, vol. 68(5), pages 834-46, December. [Downloadable!] (restricted)
  3. Tuulia Hakola, 2000. "Navigating through the Finnish Pension System," VATT Discussion Papers 224, Government Institute for Economic Research (VATT). [Downloadable!]
  4. Stock, J.H. & Wise, D.A., 1988. "Pensions, The Option Value Of Work, And Retirement," Papers e-88-28, Stanford - Hoover Institution.
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  5. Ossi Korkeamäki & Tomi Kyyrä, 2000. "Integrated Panel of Finnish Companies and Workers," VATT Discussion Papers 226, Government Institute for Economic Research (VATT). [Downloadable!]
  6. Lazear, E.P., 1989. "Pensions And Deferred Benefits As Strategic Compensation," Papers e-89-9, Stanford - Hoover Institution.
  7. Richard J. Arnott & Arthur Hosios & Joseph Stiglitz, 1990. "Implicit Contracts, Labor Mobility and Unemployment," NBER Working Papers 2316, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  8. Topel, Robert H, 1984. "Experience Rating of Unemployment Insurance and the Incidence of Unemployment," Journal of Law & Economics, University of Chicago Press, vol. 27(1), pages 61-90, April.
  9. Feldstein, Martin S, 1976. "Temporary Layoffs in the Theory of Unemployment," Journal of Political Economy, University of Chicago Press, vol. 84(5), pages 937-57, October. [Downloadable!] (restricted)
  10. Robert E. Hall & Edward P. Lazear, 1984. "The Excess Sensitivity of Layoffs and Quits to Demand," NBER Working Papers 0864, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  11. Robin L. Lumsdaine & Olivia S. Mitchell, . "New Developments in the Economic Analysis of Retirement," Pension Research Council Working Papers 98-8, Wharton School Pension Research Council, University of Pennsylvania.
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  12. Hall, Robert E & Lazear, Edward P, 1984. "The Excess Sensitivity of Layoffs and Quits to Demand," Journal of Labor Economics, University of Chicago Press, vol. 2(2), pages 233-57, April. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Matthias Deschryvere, 2004. "Labour Force Behavior of Elderly Two Adult Households: Evidence from EU-countries," Discussion Papers 933, The Research Institute of the Finnish Economy. [Downloadable!]
  2. Hakola, Tuulia, 2002. "Alternative Approaches to Model Withdrawals from the Labour Market – A Literature Review," Working Paper Series 2003:4, Uppsala University, Department of Economics. [Downloadable!]
  3. Matthias Deschryvere, 2004. "Health and Retirement. An Update of the Literature," Discussion Papers 932, The Research Institute of the Finnish Economy. [Downloadable!]
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