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Labour Supply Effects of a Subsidised Old-Age Part-Time Scheme in Austria

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Author Info

  • Graf, Nikolaus

    ()
    (IHS - Institute for Advanced Studies, Vienna)

  • Hofer, Helmut

    ()
    (IHS - Institute for Advanced Studies, Vienna)

  • Winter-Ebmer, Rudolf

    ()
    (University of Linz)

Abstract

In this paper we evaluate the impact of the old-age part-time scheme (OAPT) on the Austrian labour market which was a policy to allow flexible retirement options for the elderly with an aim to increase labour supply. According to our matching estimates employment probability increases slightly, especially in the first two years after entrance into the programme. Furthermore, the programme seems to reduce the measured unemployment risk. However, the total number of hours worked is significantly reduced by OAPT. While the policy is meant to reduce early exit from the labour force by allowing part-time work, our analysis indicates that most workers substitute part-time work for full-time work and thus the overall effect is rather negative.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4239.

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Length: 21 pages
Date of creation: Jun 2009
Date of revision:
Publication status: published in: Zeitschrift für ArbeitsmarktForschung/Journal for Labour Market Research, 2011, 44 (3), 217-229
Handle: RePEc:iza:izadps:dp4239

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Keywords: nearest neighbour matching; labour supply of the elderly; evaluation of labour market programmes;

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References

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  1. Wooldridge, Jeffrey M. & Imbens, Guido, 2009. "Recent Developments in the Econometrics of Program Evaluation," Scholarly Articles 3043416, Harvard University Department of Economics.
  2. Alberto Abadie & Guido W. Imbens, 2006. "Large Sample Properties of Matching Estimators for Average Treatment Effects," Econometrica, Econometric Society, vol. 74(1), pages 235-267, 01.
  3. Gielen, Anne C., 2007. "Working Hours Flexibility and Older Workers' Labor Supply," IZA Discussion Papers 2946, Institute for the Study of Labor (IZA).
  4. Alan L. Gustman & Thomas L. Steinmeier, 2004. "Minimum Hours Constraints, Job Requirements and Retirement," NBER Working Papers 10876, National Bureau of Economic Research, Inc.
  5. Mario Schnalzenberger & Rudolf Winter-Ebmer, 2008. "Layoff Tax and the Employment of the Elderly," Economics working papers 2008-19, Department of Economics, Johannes Kepler University Linz, Austria.
  6. Bonin, Holger & Kempe, Wolfram & Schneider, Hilmar, 2002. "Kombilohn oder Workfare? Zur Wirksamkeit zweier arbeitsmarktpolitischer Strategien," IZA Discussion Papers 587, Institute for the Study of Labor (IZA).
  7. Eichhorst, Werner, 2006. "Beschäftigung Älterer in Deutschland: Der unvollständige Paradigmenwechsel," IZA Discussion Papers 1985, Institute for the Study of Labor (IZA).
  8. Abadie, Alberto & Imbens, Guido W., 2011. "Bias-Corrected Matching Estimators for Average Treatment Effects," Journal of Business & Economic Statistics, American Statistical Association, vol. 29(1), pages 1-11.
  9. Vegard Skirbekk, 2004. "Age and Individual Productivity: A Literature Survey," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 2(1), pages 133-154.
  10. Alberto Abadie & Guido W. Imbens, 2002. "Simple and Bias-Corrected Matching Estimators for Average Treatment Effects," NBER Technical Working Papers 0283, National Bureau of Economic Research, Inc.
  11. Robert M. Hutchens & Karen Grace-Martin, 2006. "Employer willingness to permit phased retirement: Why are some more willing than others?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 59(4), pages 525-546, July.
  12. Alberto Abadie & David Drukker & Jane Leber Herr & Guido W. Imbens, 2004. "Implementing matching estimators for average treatment effects in Stata," Stata Journal, StataCorp LP, vol. 4(3), pages 290-311, September.
  13. Ilmakunnas, Pekka & Ilmakunnas, Seija, 2006. "Gradual retirement and lengthening of working life," MPRA Paper 1860, University Library of Munich, Germany.
  14. Charles Decicca, 2007. "Hours Flexibility And Retirement," Economic Inquiry, Western Economic Association International, vol. 45(2), pages 251-267, 04.
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Cited by:
  1. Inga Freund & Bernhard Mahlberg & Alexia Prskawetz, 2012. "A Matched Employer-Employee Panel Data Set for Austria: 2002-2005," Working Paper Series of the German Council for Social and Economic Data 206, German Council for Social and Economic Data (RatSWD).
  2. Boockmann, Bernhard & Fries, Jan & Göbel, Christian, 2012. "Specific measures for older employees and late career employment," ZEW Discussion Papers 12-059, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  3. Johann K. Brunner & Bernd Hoffmann, 2010. "Versicherungsmathematisch korrekte Pensionsabschläge," Economics working papers 2010-13, Department of Economics, Johannes Kepler University Linz, Austria.
  4. Tibor Hanappi, 2012. "Retirement Behaviour in Austria: Incentive Effects on Old-Age Labor Supply," NRN working papers 2012-13, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.

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