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Retirement rigidities and the gap between effective and desired labour supply by older workers

Author

Listed:
  • Serena Trucchi

    (Department of Economics, Ca' Foscari University of Venice)

  • Elsa Fornero

    (University of Turin, CeRP-Collegio Carlo Alberto)

  • Mariacristina Rossi

    (University of Turin, CeRP-Collegio Carlo Alberto; Netspar)

Abstract

Our paper analyses the observed and desired labour supply of older workers and (recent) retirees in a country (Italy) with limited opportunities for exible work schedules. For this purpose, we use a unique dataset drawn from the Bank of Italy's Survey on Household Income and Wealth (SHIW) providing information on both desired and actual working hours. Our empirical analysis documents the gap between older individuals' desired and observed labour supply at both the extensive and the intensive margins and traces it back to gender, education and family composition. The paper provides useful insights into the potential effectiveness of policies such as gradual retirement and part-time work in increasing older workers' employment.

Suggested Citation

  • Serena Trucchi & Elsa Fornero & Mariacristina Rossi, 2018. "Retirement rigidities and the gap between effective and desired labour supply by older workers," Working Papers 2018:05, Department of Economics, University of Venice "Ca' Foscari".
    • Handle: RePEc:ven:wpaper:2018:05
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Retirement; desired labour supply; exible retirement;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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