The effect of job displacement on the transitions to employment and early retirement for older workers in four European countries

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 3069

Classification and Topics

• Classification: Wirtschaft
• Subject: Job displacement ; job loss ; unemployment duration ; retirement ; competing risks ; Personalabbau ; Arbeitslosigkeit ; Dauer ; Ältere Arbeitskräfte ; Flexible Altersgrenze ; Berufliche Integration ; Deutschland ; Italien ; Spanien ; Großbritannien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Tatsiramos, Konstantinos
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/34563
• Last update: 10.03.2025, 11:43 AM CET