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Bridge Jobs in Europe

Author

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  • Brunello, Giorgio

    () (University of Padova)

  • Langella, Monica

    () (University of Verona)

Abstract

We study the transitions from career to bridge jobs and to permanent retirement by European males aged 55 to 70 at the time of the interview in the late 2000s. We find that only 10.54 percent of the workers in our sample who were in a career job at age 50 have moved to a bridge job by the time of the interview, much less than what usually found in the United States. We also show that the exogenous increases in minimum retirement age that occurred during the past twenty years have had different effects in Central / Northern Europe (Austria, Switzerland, The Netherlands and Sweden) and in Mediterranean Europe (Italy and Spain). In the North, transitions into bridge jobs have increased, with no significant effect on transitions into retirement. In the South, transitions into permanent retirement have decreased, with no significant effect on transitions into bridge jobs.

Suggested Citation

  • Brunello, Giorgio & Langella, Monica, 2012. "Bridge Jobs in Europe," IZA Discussion Papers 6938, Institute for the Study of Labor (IZA).
    • Handle: RePEc:iza:izadps:dp6938
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    References listed on IDEAS

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    1. Peracchi, Franco & Welch, Finis, 1994. "Trends in Labor Force Transitions of Older Men and Women," Journal of Labor Economics, University of Chicago Press, vol. 12(2), pages 210-242, April.
    2. Alfonso Arpaia & Kamil Dybczak & Fabiana Pierini, 2009. "Assessing the short-term impact of pension reforms on older workers' participation rates in the EU: a diff-in-diff approach," European Economy - Economic Papers 2008 - 2015 385, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Silva, Olmo, 2007. "The Jack-of-All-Trades entrepreneur: Innate talent or acquired skill?," Economics Letters, Elsevier, vol. 97(2), pages 118-123, November.
    4. Kevin E. Cahill & Michael D. Giandrea & Joseph F. Quinn, 2005. "Are Traditional Retirements a Thing of the Past? New Evidence on Retirement Patterns and Bridge Jobs," Boston College Working Papers in Economics 626, Boston College Department of Economics.
    5. Milligan, Kevin, 2014. "How is economic hardship avoided by those retiring before the Social Security entitlement age?," Journal of Pension Economics and Finance, Cambridge University Press, vol. 13(04), pages 420-438, October.
    6. Avner Ahituv & Joseph Zeira, 2011. "Technical Progress and Early Retirement," Economic Journal, Royal Economic Society, vol. 121(551), pages 171-193, March.
    7. Viola Angelini & Agar Brugiavini & Guglielmo Weber, 2009. "Ageing and unused capacity in Europe: is there an early retirement trap?," Economic Policy, CEPR;CES;MSH, vol. 24, pages 463-508, July.
    8. Tunga Kantarci & Arthur Soest, 2008. "Gradual Retirement: Preferences and Limitations," De Economist, Springer, vol. 156(2), pages 113-144, June.
    9. Jean-Olivier Hairault & Francois Langot & Thepthida Sopraseuth, 2010. "Distance to Retirement and Older Workers' Employment: The Case for Delaying the Retirement Age," Journal of the European Economic Association, MIT Press, vol. 8(5), pages 1034-1076, September.
    10. Joseph Quinn, 1996. "The Role of Bridge Jobs in the Retirement Patterns of Older Americans in the 1990s," Boston College Working Papers in Economics 324., Boston College Department of Economics.
    11. Jonathan Gruber & David Wise, 1997. "Social Security Programs and Retirement Around the World: Introduction and Summary of Papers by..," NBER Working Papers 6134, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Serena Trucchi & Elsa Fornero & Mariacristina Rossi, 2017. "“Retirement rigidities and the gap between effective and desired labour supply by older workers"," CeRP Working Papers 174, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    2. Lorenzo Burlon & Montserrat Vilalta-Bufí, 2016. "A new look at technical progress and early retirement," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-39, December.
    3. repec:eee:labeco:v:51:y:2018:i:c:p:247-270 is not listed on IDEAS
    4. repec:bla:kyklos:v:70:y:2017:i:2:p:163-188 is not listed on IDEAS
    5. repec:spr:izalpo:v:7:y:2018:i:1:d:10.1186_s40173-018-0103-y is not listed on IDEAS
    6. Serena Trucchi & Elsa Fornero & Mariacristina Rossi, 2018. "Retirement rigidities and the gap between effective and desired labour supply by older workers," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-19, December.

    More about this item

    Keywords

    ageing; retirement; Europe;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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