EXIT OF SENIOR AGE COHORTS FROM THE RUSSIAN LABOUR MARKET: A SURVIVAL ANALYSIS APPROACH
Irina A. Denisova ()
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Irina A. Denisova: New Economic School, Moscow, Russia
Population and Economics, 2017, vol. 1, issue 1, 22-49
Abstract:
The paper examines individual exit trajectories of Russians from the labour market to economic inactivity using survival analysis methods based on the Russian Longitudinal Monitoring Survey for 1995-2015. The analysis shows that the statutory retirement age (55 for women and 60 for men) has a significant impact on the time of exit from the labour market for both sexes, but the effect is significantly higher for women, and the differences are statistically significant: the hazard rate of exit to inactivity rises by 63 percentage points when a woman reaches 55 years of age, but by only 25 percentage points when a man reaches 60.Russiashows some differences in occupational patterns of exit to pension-age inactivity: unlike many developed countries, only highly skilled staff remain in the labour market longer than others, while there is no statistically significant difference between the behaviour of middle-skilled staff and of skilled and unskilled workers. Self-employment and entrepreneurship postpone exit to inactivity as does employment at state enterprises.
Keywords: exit from labour market; employment of the elderly; pension age; duration analysis; RLMS-HSE; Russia (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jpopec:v:1:y:2017:i:1:p:22-49
DOI: 10.3897/popecon.1.e36031
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