Transitions Out Of and Back To Employment among Older Men and Women in the UK

David Haardt

Social and Economic Dimensions of an Aging Population Research Papers from McMaster University

Abstract: This paper analyses the labour market transitions of older men and women using data from the British Household Panel Survey (BHPS). I find large peaks in exit rates out of employment at ages 60 (women) and 65 (both sexes) which occur in the exact birthday month. This suggests that pension schemes have strong incentive effects. Discrete-time hazard regression analysis shows that benefits and health status are the two most important determinants of retirement, with effects that are larger than found in previous studies for British and US men. When modelling unobserved heterogeneity I find that women are twice as likely as men to be `movers' between work and non-work.

Keywords: labour market transitions; older men and women; BHPS (search for similar items in EconPapers)
JEL-codes: J14 J16 J26 (search for similar items in EconPapers)
Pages: 69 pages
Date: 2007-05
New Economics Papers: this item is included in nep-age, nep-eec and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Transitions out of and back to employment among older men and women in the UK (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:sedapp:197

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