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Wages, Hours Of Work And Job Satisfaction Of Retirement‐Age Workers

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  • ISAO OHASHI

Abstract

I analyse, theoretically and empirically, the effects of pension benefits, family conditions and the personal characteristics of older individuals on their labour supply, wages, hours worked and job satisfaction, in the framework of the Nash bargaining condition whereby an older worker and a firm bargain over employment conditions such as wages, hours of work and job investment. It is stressed that as workers become older they tend to give greater priority to the number of hours worked, work environment and type of job than to wages, and try to improve these through job investment, even at the cost of lower wages.

Suggested Citation

  • Isao Ohashi, 2005. "Wages, Hours Of Work And Job Satisfaction Of Retirement‐Age Workers," The Japanese Economic Review, Japanese Economic Association, vol. 56(2), pages 188-209, June.
    • Handle: RePEc:bla:jecrev:v:56:y:2005:i:2:p:188-209
    DOI: 10.1111/j.1468-5876.2005.00323.x
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    References listed on IDEAS

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    1. John P. Rust, 1989. "A Dynamic Programming Model of Retirement Behavior," NBER Chapters, in: The Economics of Aging, pages 359-404, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Panos, Georgios & Theodossiou, Ioannis, 2010. "Unionism and Peer-Referencing," Stirling Economics Discussion Papers 2010-03, University of Stirling, Division of Economics.
    2. Yang LIU, 2019. "Relative Wages and Job Satisfaction of Migrant Workers: An Economic Perspective Using Data from Japan," Discussion papers 19033, Research Institute of Economy, Trade and Industry (RIETI).
    3. Miyoshi, Koyo, 2008. "Male-female wage differentials in Japan," Japan and the World Economy, Elsevier, vol. 20(4), pages 479-496, December.

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