The empirical analysis in this paper adopts logit models to study the hazard rate of ceasing from work by the next year for Italian older employees. The specifications are estimated resorting to the framework proposed by Guell and Hu (2006), which extracts information from repeated independent cross-sections to recover the hazard rate of interest at the individual level. The sample is drawn from the ISTAT survey Aspects of Everyday Life and includes employees aged 50-65 in 1993-2002. Our results show that, even conditioning on a wide set of socioeconomic factors, the age profile of the hazard rate is increasing and confirms the low labor market attachment of older workers. Further, the time evolution of the risk of becoming not employed appears to be hump-shaped and achieves its maximum for the cohorts of employees at work in the period 1996-1998, which is characterized by the introduction of important changes in the Social Security system aimed at extending the working life of the elderly.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Dipartimento di Scienze Economiche "Marco Fanno" in its series "Marco Fanno" Working Papers with number
0089.