Working horizon and labour supply: the effect of raising the full retirement age on middle-aged individuals

Francesca Carta and Marta De Philippis

No 1314, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper analyses the effects of raising the statutory full retirement age on the labour force participation of middle-aged individuals and their partners. Identification relies on a difference-in-differences setting that exploits the large heterogeneous increase in the age eligibility for retirement caused by an unexpected Italian pension reform. We detect a sizeable increase in the participation rate of middle-aged women that spills over into their husbands' labour supply, who choose to postpone their retirement decision.

Keywords: family economics; labour supply; retirement (search for similar items in EconPapers)
JEL-codes: J16 J22 J26 (search for similar items in EconPapers)
Date: 2021-02
New Economics Papers: this item is included in nep-age, nep-cwa, nep-eur and nep-lma
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1314_21

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