Arbeitspapier
Too old to work, too young to retire?
We use firm closure data from social security records for Austria 1978-1998 to investigate the effect of age on employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non-displaced workers. We then use a difference-in-difference strategy to analyze employment and earnings of older relative to prime-age workers in the displacement and non-displacement groups. Results suggest that immediately after plant closure the old have lower re-employment probabilities as compared to prime-age workers but later they catch up. While among the young the employment prospects of the displaced remain persistently different from those of the non-displaced, among the old the effect of displacement fades away, and actually disappears even immediately after plant closure when the effect of tenure based severance payment is controlled for. Our evidence suggests that increasing the retirement age does not necessarily produce individuals who are too old to work but too young to retire.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 3110
- Classification
-
Wirtschaft
- Subject
-
Aging
employability
plant closures
matching
Alternde Bevölkerung
Flexible Altersgrenze
Arbeitsnachfrage
Arbeitsangebot
Schätzung
Österreich
- Event
-
Geistige Schöpfung
- (who)
-
Ichino, Andrea
Schwerdt, Guido
Winter-Ebmer, Rudolf
Zweimüller, Josef
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ichino, Andrea
- Schwerdt, Guido
- Winter-Ebmer, Rudolf
- Zweimüller, Josef
- Institute for the Study of Labor (IZA)
Time of origin
- 2007
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