Later Retirement and the Labor Market Re-Integration of Elderly Unemployed Workers?

Autor/in	Frimmel, Wolfgang
Institution	Johannes Kepler Universität Linz / Institut für Volkswirtschaftslehre
Titel	Later Retirement and the Labor Market Re-Integration of Elderly Unemployed Workers? Gefälligkeitsübersetzung: Höheres Rentenalter und berufliche Reintegration älterer arbeitsloser Arbeitnehmer.
Quelle	Linz (2020), 33 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Institut für Volkswirtschaftslehre Linz. Arbeitspapier. 2024
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Älterer Arbeitnehmer; Arbeitsloser; Arbeitsmarktpolitik; Österreich; Rentenreform; Weiterbildung; Arbeitslose Frau; Rentenalter; Rentenreform; Beschäftigungseffekt; Arbeitslose Frau; Arbeitsloser; Arbeitsmarktchance; Arbeitsmarktpolitik; Weiterbildung; Rentenalter; Älterer Arbeitnehmer; Österreich
Abstract	"This paper studies the impact of raising the eligibility age of early retirement on the re-integration into the labor market of elderly unemployed workers. I exploit two Austrian pension reforms increasing the early retirement age step-wise for different quarter-of-birth cohorts. Empirical results based on Austrian administrative data reveal a substantial gender di erence in how unemployed workers are a ected by the policy change. While unemployed women only benefit little with shorter unemployment duration, modest higher re-employment probability as well as labor income after unemployment, unemployed men benefit in several aspects: although unemployment duration remains una ected, re-employment chances, labor income and participation in active labor market policies significantly increase. Elderly unemployed workers closer to their early retirement age are systematically assigned to programs increasing their job application and job search skills, while workers more than five years away from their early retirement age are more likely to participate in programs increasing their skills. The gender di erence may be explained by the nature of the pension reforms. From a policy perspective, these results suggest that increasing the early retirement age is not only a feasible way to improve the financial sustainability of public pension systems but also improves the re-integration of elderly unemployed male workers." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/3