Header

UZH-Logo

Maintenance Infos

Too old to work, too young to retire?


Ichino, Andrea; Schwerdt, Guido; Winter-Ebmer, Rudolf; Zweimüller, Josef (2017). Too old to work, too young to retire? The Journal of the Economics of Ageing, 9:14-29.

Abstract

We study whether employment prospects of old and young workers differ after a plant closure. Using Austrian administrative data and a combination of exact matching and fixed effects, we show that old and young workers face similarly large displacement costs in terms of employment in the long-run, but old workers lose considerably more initially and gain later. Effects on wages of displaced workers are not age-dependent. We interpret these findings in the light of a standard job search model augmented to allow for an absorbing state capturing the option of “early retirement”.

Abstract

We study whether employment prospects of old and young workers differ after a plant closure. Using Austrian administrative data and a combination of exact matching and fixed effects, we show that old and young workers face similarly large displacement costs in terms of employment in the long-run, but old workers lose considerably more initially and gain later. Effects on wages of displaced workers are not age-dependent. We interpret these findings in the light of a standard job search model augmented to allow for an absorbing state capturing the option of “early retirement”.

Statistics

Citations

Dimensions.ai Metrics
1 citation in Web of Science®
3 citations in Scopus®
3 citations in Microsoft Academic
Google Scholar™

Altmetrics

Downloads

0 downloads since deposited on 21 Dec 2016
0 downloads since 12 months

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Uncontrolled Keywords:Aging, employability, plant closures, matching
Language:English
Date:2017
Deposited On:21 Dec 2016 13:04
Last Modified:07 Jul 2018 00:00
Publisher:Elsevier
ISSN:2212-828X
OA Status:Green
Publisher DOI:https://doi.org/10.1016/j.jeoa.2016.07.001

Download

Download PDF  'Too old to work, too young to retire?'.
Preview
Content: Accepted Version
Filetype: PDF
Size: 731kB
View at publisher
Licence: Creative Commons: Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)