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Labor demand for senior employees in the context of early retirement

Author

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  • Marczok, Yvonne Maria
  • Amann, Erwin

Abstract

With 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.

Suggested Citation

  • Marczok, Yvonne Maria & Amann, Erwin, 2013. "Labor demand for senior employees in the context of early retirement," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79781, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc13:79781
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    References listed on IDEAS

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    5. Axel Börsch-Supan & Simone Kohnz & Reinhold Schnabel, 2007. "The Budget Impact of Reduced Early Retirement Incentives on the German Public Pension System," NBER Chapters, in: Social Security Programs and Retirement around the World: Fiscal Implications of Reform, pages 201-252, National Bureau of Economic Research, Inc.
    6. Jonathan Gruber & David A. Wise, 2007. "Introduction to "Social Security Programs and Retirement around the World: Fiscal Implications of Reform"," NBER Chapters, in: Social Security Programs and Retirement around the World: Fiscal Implications of Reform, pages 1-42, National Bureau of Economic Research, Inc.
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    More about this item

    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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