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Age of Withdrawal from the Labour Force in OECD Countries

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  • Peter Scherer

Abstract

The age of withdrawal from the labour force is an issue of great policy importance. As populations age, an accurate understanding of trends and cross-country differences has become important. However, the age of withdrawal from the labour force cannot be measured directly using cross-sectional data only. Direct observation of net withdrawal rates are needed. This paper presents estimates of these rates derived from comparisons of activity rates at five year periods. A method is proposed (in the Annex) for using data on the stock of people employed at age 65 and above to derive estimates of the net rate of withdrawal at ages 65 and above. The results indicate that net age of withdrawal for men and for women is similar in most countries, and that both show strong cyclical fluctuations ... L’âge de retrait de la population active est une question d’une grande importance politique. Alors que la population vieillit, une juste compréhension des tendances et des différences internationales est devenue importante. Toutefois, on ne peut pas mesurer directement l’âge de retrait de la population active en utilisant uniquement des données en coupe. Des observations directes des taux nets de retrait sont nécessaires. Ce document présente des estimations de ces taux, dérivées des comparaisons des taux d’activité par périodes de cinq ans. Une méthode est proposée (en Annexe) pour utiliser les données concernant les personnes employées à l’âge de 65 et plus afin d’arriver à des estimations sur les taux nets de retrait à l’âge de 65 ans et plus. Les résultats montrent que l’âge net de retrait est similaire pour les hommes et les femmes dans la plupart des pays. De fortes fluctuations cycliques sont en outre enregistrées à la fois pour les hommes et pour les femmes ...

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  • Peter Scherer, 2002. "Age of Withdrawal from the Labour Force in OECD Countries," OECD Labour Market and Social Policy Occasional Papers 49, OECD Publishing.
    • Handle: RePEc:oec:elsaaa:49-en
    DOI: 10.1787/327074367476
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    Cited by:

    1. Holzmann, Robert & Alonso-García, Jennifer & Labit-Hardy, Heloise & Villegas, Andres M., 2017. "NDC Schemes and Heterogeneity in Longevity: Proposals for Redesign," IZA Discussion Papers 11193, Institute of Labor Economics (IZA).
    2. Giuseppe Carone, 2005. "Long-Term Labour Force Projections for the 25 EU Member States:A set of data for assessing the economic impact of ageing," Labor and Demography 0512006, University Library of Munich, Germany.
    3. Barabas, György & Jessen, Robin & Schmidt, Torsten & Weyerstraß, Klaus, 2018. "Projektion der Wirtschaftsentwicklung bis 2023: Wachstum auf des Messers Schneide," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 69(4), pages 23-38.
    4. Daniel Ehing & Stefan Moog, 2013. "Erwerbspersonen- und Arbeitsvolumenprojektionen bis ins Jahr 2060 [Labor force- and work volume-projections until 2060]," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 46(2), pages 167-182, August.
    5. Schäfer, Holger, 2002. "Lohnversicherung: Ein Vorschlag zur Reform der Arbeitslosenversicherung," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 29(3), pages 11-19.
    6. Piekkola, Hannu & Deschryvere, Matthias, 2004. "Retirement Decisions and Option Values: Their Application Regarding Finland," Discussion Papers 951, The Research Institute of the Finnish Economy.
    7. repec:ces:ifodic:v:2:y:2004:i:2:p:14567813 is not listed on IDEAS
    8. Butterworth, Peter & Gill, Sarah C. & Rodgers, Bryan & Anstey, Kaarin J. & Villamil, Elena & Melzer, David, 2006. "Retirement and mental health: Analysis of the Australian national survey of mental health and well-being," Social Science & Medicine, Elsevier, vol. 62(5), pages 1179-1191, March.
    9. Serguei Kaniovski & Thomas Url & Helmut Hofer & Sandra Müllbacher, 2013. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results," WIFO Studies, WIFO, number 46830, February.
    10. Alina Ștefania CHENIC (CREȚU) & Alin Ioan CREȚU & Laurențiu TEȘCAN, 2018. "A Long Term Analysis of Two Undeniable Realities of the XXI Century - Global Economic Crisis and Demographic Aging," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 19(2), pages 196-212, May.
    11. Robert Fenge & Martin Werding, 2004. "Ageing and the tax implied in public pension schemes: simulations for selected OECD countries," Fiscal Studies, Institute for Fiscal Studies, vol. 25(2), pages 159-200, June.
    12. Martin Werding, 2004. "Assessing Old-age Pension Benefits: The Rules Applied In Different Countries," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2(02), pages 55-63, July.
    13. Thomas Url & Rob J. Hyndman & Alexander Dokumentov, 2016. "Long-term Forecasts of Age-specific Labour Market Participation Rates with Functional Data Models," WIFO Working Papers 510, WIFO.
    14. Jørgen Elmeskov, 2004. "Aging, Public Budgets, and the Need for Policy Reform," Review of International Economics, Wiley Blackwell, vol. 12(2), pages 233-242, May.
    15. Martin Werding, 2004. "Assessing Old-age Pension Benefits: The Rules Applied In Different Countries," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2(2), pages 55-63, 07.
    16. Serguei Kaniovski & Thomas Url & Helmut Hofer & Sandra Müllbacher, 2014. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results (2014)," WIFO Studies, WIFO, number 47254, February.
    17. International Monetary Fund, 2007. "Republic of Estonia: Selected Issues," IMF Staff Country Reports 2007/256, International Monetary Fund.
    18. Bezdek, Vladimir, 2005. "The Public Pension System in the Czech Republic from the Point of View of Public Finance," Discussion Paper 257, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    19. Thomas Url & Rob J Hyndman & Alexander Dokumentov, 2016. "Long-term forecasts of age-specific participation rates with functional data models," Monash Econometrics and Business Statistics Working Papers 3/16, Monash University, Department of Econometrics and Business Statistics.
    20. Jacques Wels, 2016. "The Statistical Analysis of End of Working Life: Methodological and Sociological Issues Raised by the Average Effective Age of Retirement," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(1), pages 291-315, October.
    21. Serguei Kaniovski & Thomas Url & Helmut Hofer & Viola Garstenauer, 2021. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM 2.0). New Results (2021)," WIFO Studies, WIFO, number 67377, February.
    22. Ehing, Daniel & Moog, Stefan, 2012. "Erwerbspersonen- und Arbeitsvolumenprojektionen bis ins Jahr 2060," FZG Discussion Papers 51, University of Freiburg, Research Center for Generational Contracts (FZG).
    23. Piekkola, Hannu & Harmoinen, Liisa, 2003. "Time Use and Options for Retirement in Europe," Discussion Papers 868, The Research Institute of the Finnish Economy.

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