The effect of job displacement on the transitions to employment and early retirement for older workers in four European countries
By: by Konstantinos Tatsiramos
Series: Discussion paper -- no. 3069; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 3069
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: [electronic resource] /
Subjects: Older people; Case studies; Employment; Displaced workers
Description: "Despite the increased frequency of job loss for older workers in Europe, little is known on its effect on the work-retirement decision. Employing individual data from the European Community Household Panel for Germany, Italy, Spain, and the U.K., a multivariate competing-risks hazard model is estimated in which the effect of job displacement is identified separately for transitions into re-employment and retirement. The findings suggest that in countries with institutional provisions for older unemployed which offer a pathway to early retirement such as, Germany and Spain, older displaced workers exhibit lower re-employment and higher retirement rates compared to the non-displaced. These results are robust to dynamic selection due to unobserved heterogeneity and to the endogeneity of displacement"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 10/5/2007.

Includes bibliographical references.

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