Publikation: Too old to work, too young to retire?
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2017
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The Journal of the Economics of Ageing. 2017, 9, pp. 14-29. ISSN 2212-828X. Available under: doi: 10.1016/j.jeoa.2016.07.001
Zusammenfassung
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”.
Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
Schlagwörter
Aging; Employability; Plant closures; Matching
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ISO 690
ICHINO, Andrea, Guido SCHWERDT, Rudolf WINTER-EBMER, Josef ZWEIMÜLLER, 2017. Too old to work, too young to retire?. In: The Journal of the Economics of Ageing. 2017, 9, pp. 14-29. ISSN 2212-828X. Available under: doi: 10.1016/j.jeoa.2016.07.001BibTex
@article{Ichino2017-06young-39516,
year={2017},
doi={10.1016/j.jeoa.2016.07.001},
title={Too old to work, too young to retire?},
volume={9},
issn={2212-828X},
journal={The Journal of the Economics of Ageing},
pages={14--29},
author={Ichino, Andrea and Schwerdt, Guido and Winter-Ebmer, Rudolf and Zweimüller, Josef}
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