Labor demand for senior employees in the context of early retirement
AbstractWith respect to the labor market participation of the elderly in welfare states, the economic literature focuses on the incentives to the worker in the light of generous early retirement opportunities. The sociological literature on the other hand addresses the problem of low productivity of elderly in the context of occupational disability and workplace design. The economic link between supply and demand is hardly taken into account. This paper focuses on the labor demand for elderly in the context of necessary speci c investment. According to this paper, due to better perspectives on the labor market following a decrease of the incentives to retire early, e.g. by a raise in the average e ective retirement age, need not necessarily harm the elderly people. The paper thus helps to close the gap in the evaluation of pension reforms. --
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Bibliographic InfoPaper provided by Verein für Socialpolitik / German Economic Association in its series Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order with number 79781.
Date of creation: 2013
Date of revision:
Find related papers by JEL classification:
- D33 - Microeconomics - - Distribution - - - Factor Income Distribution
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
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- Walter H. Fisher & Christian Keuschnigg, 2007.
"Pension Reform and Labor Market Incentives,"
University of St. Gallen Department of Economics working paper series 2007
2007-13, Department of Economics, University of St. Gallen.
- Gruber, Jonathan & Wise, David, 1998. "Social Security and Retirement: An International Comparison," American Economic Review, American Economic Association, vol. 88(2), pages 158-63, May.
- Hutchens, Robert, 1999. "Social Security Benefits and Employer Behavior: Evaluating Social Security Early Retirement Benefits as a Form of Unemployment Insurance," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(3), pages 659-78, August.
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