 |
|
|
|
| HAL : hal-00517107, version 1 |
| DOI : 10.1162/jeea_a_00014 |
| Fiche détaillée |  Récupérer au format |
|
|
| Journal of the European Economic Association 8, 5 (2010) 1034-1076 |
|
|
|
|
| Distance to Retirement and The Job Search of Older Workers: The Case For Delaying Retirement Age |
|
|
| Jean-Olivier Hairault 1, 2, 3François Langot 3, 4, 5 |
|
|
| (01/09/2010) |
|
|
|
| This paper presents a theoretical foundation and empirical evidence in favor of the view that the retirement age decision impacts on the employment of older workers before this age. Countries with a retirement age at 60 are indeed characterized by lower employment rates for workers aged 55-59. Based on the French Labor Force Survey, we show that the likelihood of employment is significantly affected by the distance from retirement, in addition to age and other relevant variables. We then extend McCall's (1970) job search model by explicitly integrating life-cycle features and the retirement decision. Using simulations, we show that the distance effect in conjunction with the generosity of unemployment benefits for older workers explains the low rate of employment just before the eligibility retirement age. Finally, we show that implementing actuarially-fair schemes, not only extends the retirement age, but also encourages a more intensive job-search by older unemployed workers. |
|
|
|
|
|
|
|
|
|
|
|
| 1 : | Ecole d'Économie de Paris - Paris School of Economics (EEP-PSE) |
|
|
|
Ecole d'Économie de Paris |
|
|
| 2 : | Centre d'économie de la Sorbonne (CES) |
|
|
|
CNRS : UMR8174 – Université Paris I - Panthéon-Sorbonne |
|
|
| 3 : | IZA |
|
|
|
Institute for the Study of Labor |
|
|
| 4 : | GAINS-TEPP |
|
|
|
Université du Maine |
|
|
| 5 : | CEPREMAP |
|
|
|
Centre pour la recherche économique et ses applications |
|
|
|
|
|
|
|
|
|
| Domaine | : | Sciences de l'Homme et Société/Economies et finances |
|
|
| Job Search – Older Workers – Retirement |
|
|
|
| Liste des fichiers attachés à ce document : | |||||
|
|||||
|
|
|
| hal-00517107, version 1 | |
| http://hal.archives-ouvertes.fr/hal-00517107 | |
| oai:hal.archives-ouvertes.fr:hal-00517107 | |
| Contributeur : Jean-Olivier Hairault | |
| Soumis le : Lundi 13 Septembre 2010, 15:24:19 | |
| Dernière modification le : Mardi 14 Décembre 2010, 11:58:16 | |
