Monday, September 24, 2007
[IWS] Effect of Job Displacement on the Transitions to Employment and Early Retirement for Older Workers in Four European Countries
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Forschungsinstitut zur Zukunft der Arbeit
Institute for the Study of Labor
September 2007
IZA DP No. 3069
The Effect of Job Displacement on the Transitions to Employment and Early Retirement for Older Workers in Four European Countries
Konstantinos Tatsiramos
http://ftp.iza.org/dp3069.pdf
[full-text, 39 pages]
Abstract:
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 reemployment
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.
For additional IZA Publications, see --
http://www.iza.org/index_html?lang=en&mainframe=http%3A//www.iza.org/en/webcontent/publications/index_html&topSelect=publications
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Forschungsinstitut zur Zukunft der Arbeit
Institute for the Study of Labor
September 2007
IZA DP No. 3069
The Effect of Job Displacement on the Transitions to Employment and Early Retirement for Older Workers in Four European Countries
Konstantinos Tatsiramos
http://ftp.iza.org/dp3069.pdf
[full-text, 39 pages]
Abstract:
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 reemployment
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.
For additional IZA Publications, see --
http://www.iza.org/index_html?lang=en&mainframe=http%3A//www.iza.org/en/webcontent/publications/index_html&topSelect=publications
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 1:27 PM
