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From work to retirement: a tale of bumpy routes

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  • Bruno Contini
  • Roberto Leombruni

Abstract

This paper contributes to the debate on ageing with an empirical assessment of how this issue has become evident in the Italian labour market in recent decades. To set the stage, we describe the effects of population ageing on the workforce, and how workforce ageing has been dealt with by firms of different dimensions. Then we focus on the working careers of older individuals, and particularly on the current modes of transition from work to retirement. The stereotyped view is that end-of-career percourses in Italy have been 'linear', with smooth transitions from lifetime jobs to retirement. This paper challenges this view, showing that the ends-of-career of an important share of the working population is marked by irregular patterns of labour market activity, with negative impacts on their wages and pensions. This has been true in recent years also as a consequence of collective dismissals and early retirement practices followed in the large-firm sector, and it may worsen in the future. The paper argues that policy reforms aiming at the flexibilization of retirement should adequately target the most vulnerable group of workers, and that a revision of social security contributions is necessary to reduce the fiscal wedge between the younger and the older generations.

Suggested Citation

  • Bruno Contini & Roberto Leombruni, 2006. "From work to retirement: a tale of bumpy routes," Review of Political Economy, Taylor & Francis Journals, vol. 18(3), pages 359-378.
    • Handle: RePEc:taf:revpoe:v:18:y:2006:i:3:p:359-378
    DOI: 10.1080/09538250600797842
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    References listed on IDEAS

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    1. Davis, Steven J. & Haltiwanger, John, 1999. "Gross job flows," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 41, pages 2711-2805, Elsevier.
    2. Bruno Contini & Fabio Rapiti, 1999. "'Young In, Old Out' Revisited: New Patterns of Employment Replacement in the Italian Economy," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(3), pages 395-415.
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    1. Philip Taylor & Catherine Earl & Christopher McLoughlin, 2016. "Contractual Arrangements and the Retirement Intentions of Women in Australia," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 19(3), pages 175-195.
    2. Chiara Ardito & Roberto Leombruni & David Blane & Angelo d’Errico, 2020. "To Work or Not to Work? The Effect of Higher Pension Age on Cardiovascular Health," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 59(3), pages 399-434, July.

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