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Older Workers and Working Time

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Author Info

  • Bell, David N.F.

    ()
    (University of Stirling)

  • Rutherford, Alasdair C.

    ()
    (University of Stirling)

Abstract

Contrary to much of the established literature, this paper finds that though many older workers would prefer to reduce their working hours (the overemployed), there is a significant group who would like to work longer hours (the underemployed). And contrary to the assumption that the self-employed are more easily able than employees to select a desired combination of hours and the wage rate, this paper finds that older self-employed workers are more likely to wish to adjust their hours, both upward and downward than are employees. A new index of underemployment is used to show that for the UK, since the onset of the Great Recession, underemployment among older workers has been growing more rapidly than unemployment. Using longitudinal data from the UK Labour Force Survey, the paper investigates the effects of overemployment and underemployment on transitions from employment and self-employment into other labour market states. It confirms that overemployment is a significant predictor of retirement among employees while underemployed employees are less likely to retire.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7546.

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Length: 26 pages
Date of creation: Aug 2013
Date of revision:
Handle: RePEc:iza:izadps:dp7546

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Related research

Keywords: retirement; working time; overemployment; underemployment; self-employment;

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References

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  1. Block, J.H. & Koellinger, Ph.D., 2008. "I Can’t Get No Satisfaction - Necessity Entrepreneurship and Procedural Utility," ERIM Report Series Research in Management ERS-2008-051-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
  2. Blanchflower, David G., 2000. "Self-employment in OECD countries," Labour Economics, Elsevier, vol. 7(5), pages 471-505, September.
  3. Victor R. Fuchs, 1980. "Self-Employment and Labor Force Participation of Older Males (Revised)," NBER Working Papers 0584, National Bureau of Economic Research, Inc.
  4. Thomas Astebro & Jing Chen & Peter Thompson, 2010. "Stars and Misfits: Self-Employment and Labor Market Frictions," Working Papers 1003, Florida International University, Department of Economics.
  5. Gielen, A. C., 2007. "Working Hours Flexibility and Older Workers' Labor Supply," Discussion Paper 2007-49, Tilburg University, Center for Economic Research.
  6. Blanchflower, D.G. & Oswald, A., 1991. "What Makes an Entrepreneur?," Economics Series Working Papers 99125, University of Oxford, Department of Economics.
  7. Joanna Lahey, 2008. "State Age Protection Laws and the Age Discrimination in Employment Act," Journal of Law and Economics, University of Chicago Press, vol. 51(3), pages 433-460, 08.
  8. Ricky Kanabar, 2013. "Unretirement in England: An Empirical Perspective," Discussion Papers 13/25, Department of Economics, University of York.
  9. Lombard, Karen V, 2001. "Female Self-Employment and Demand for Flexible, Nonstandard Work Schedules," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 214-37, April.
  10. Victor R. Fuchs, 1982. "Self-Employment and Labor Force Participation of Older Males," Journal of Human Resources, University of Wisconsin Press, vol. 17(3), pages 339-357.
  11. Eichhorst, Werner, 2011. "The Transition from Work to Retirement," IZA Discussion Papers 5490, Institute for the Study of Labor (IZA).
  12. Adams, Scott J., 2004. "Age discrimination legislation and the employment of older workers," Labour Economics, Elsevier, vol. 11(2), pages 219-241, April.
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