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Bridge Jobs in Europe

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Author Info

  • Brunello, Giorgio

    ()
    (University of Padova)

  • Langella, Monica

    ()
    (University of Padova)

Abstract

We study the transitions from career to bridge jobs and to permanent retirement by European males aged 55 to 70 at the time of the interview in the late 2000s. We find that only 10.54 percent of the workers in our sample who were in a career job at age 50 have moved to a bridge job by the time of the interview, much less than what usually found in the United States. We also show that the exogenous increases in minimum retirement age that occurred during the past twenty years have had different effects in Central / Northern Europe (Austria, Switzerland, The Netherlands and Sweden) and in Mediterranean Europe (Italy and Spain). In the North, transitions into bridge jobs have increased, with no significant effect on transitions into retirement. In the South, transitions into permanent retirement have decreased, with no significant effect on transitions into bridge jobs.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6938.

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Length: 39 pages
Date of creation: Oct 2012
Date of revision:
Publication status: published in: IZA Journal of Labor Policy, 2013, 2:11
Handle: RePEc:iza:izadps:dp6938

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Keywords: ageing; retirement; Europe;

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References

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  1. Avner Ahituv & Joeph Zeira, . "Technical Progress and Early Retirement," Working Papers 0801, University of Crete, Department of Economics.
  2. Alfonso Arpaia & Kamil Dybczak & Fabiana Pierini, 2009. "Assessing the short-term impact of pension reforms on older workers' participation rates in the EU: a diff-in-diff approach," European Economy - Economic Papers 385, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  3. Jean-Olivier Hairault & Francois Langot & Thepthida Sopraseuth, 2010. "Distance to Retirement and Older Workers' Employment: The Case for Delaying the Retirement Age," Journal of the European Economic Association, MIT Press, vol. 8(5), pages 1034-1076, 09.
  4. Silva, Olmo, 2006. "The Jack-of-All-Trades Entrepreneur: Innate Talent or Acquired Skill?," IZA Discussion Papers 2264, Institute for the Study of Labor (IZA).
  5. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2005. "Are Traditional Retirements a Thing of the Past? New Evidence on Retirement Patterns and Bridge Jobs," Working Papers 384, U.S. Bureau of Labor Statistics.
  6. Joseph Quinn, 1996. "The Role of Bridge Jobs in the Retirement Patterns of Older Americans in the 1990s," Boston College Working Papers in Economics 324., Boston College Department of Economics.
  7. Viola Angelini & Agar Brugiavini & Guglielmo Weber, 2009. "Ageing and unused capacity in Europe: is there an early retirement trap?," Economic Policy, CEPR & CES & MSH, vol. 24, pages 463-508, 07.
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