Labour force participation of the elderly in Europe
Subtitle: the importance of being healthy
By: by Adriaan Kalwij, Frederic Vermeulen.
Contributors: Vermeulen, Frederic.
Series: Discussion paper ;; no. 1887; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1887
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Labor supply -- Europe -- Case studies.; Older people -- Europe -- Economic conditions.; Health status indicators -- Europe -- Case studies.
Genres: Case studies.
Description: "In this paper we study labour force participation behaviour of individuals aged 50-64 in 11 European countries. The data are drawn from the new Survey of Health, Ageing and Retirement in Europe (SHARE). The empirical analysis shows that health is multi-dimensional, in the sense that different health indicators have their own significant impact on individuals' participation decisions. Health effects differ markedly between countries. A counterfactual exercise shows that improved health conditions may yield over 10 percentage points higher participation rates for men in countries like Austria, Germany and Spain, and for females in the Netherlands and Sweden. Moreover, we show that the declining health condition with age accounts considerably for the decline in participation rates with age"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.