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Alternative Approaches to Model Withdrawals from the Labour Market – A Literature Review

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  • Hakola, Tuulia

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    (The Central Pension Security Institute)

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    Abstract

    The paper reviews large literature on retirement, keeping in mind the goal of finding a suitable model to the labour market of the older workers in Sweden. The review is divided into six sections. The first section explains the problems of defining retirement. The second section deals with a multitude of labour market exit channels. Specific features of modelling old-age retirement, disability, sick leave, and unemployment of the aged are explained. The third section is concerned with economic and non-economic incentives. Different definitions of economic incentives are described, and the importance of a correct health measure is discussed. The fourth section is concerned with the spousal decision-making, and the fifth with the labour demand effects on retirement. The final chapter goes through strengths and weaknesses of structural and reduced-form models.

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    Bibliographic Info

    Paper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 2003:4.

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    Length: 39 pages
    Date of creation: 20 Dec 2002
    Date of revision:
    Handle: RePEc:hhs:uunewp:2003_004

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    Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
    Phone: + 46 18 471 25 00
    Fax: + 46 18 471 14 78
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    Web page: http://www.nek.uu.se/
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    Keywords: Retirement; Labour force participation of the older workers;

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