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

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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                  
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