Pension Reform and Improved Employment Protection: Effects on Older Men’s Employment Outcomes

Shinya Kajitani and Kan Mari ()
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Kan Mari: School of Economics and Management, University of Hyogo, 8-2-1, Gakuen-Nishimachi, Nishi-ku, Kobe 651-2197, Japan

The B.E. Journal of Economic Analysis & Policy, 2023, vol. 23, issue 4, 1017-1043

Abstract: This study examines the impacts of demand-side (the improved employment protection law) and supply-side (pension reform) government interventions on older male workers’ employment outcomes in Japan. To identify the effects of interventions implemented concurrently, we employ a difference-in-difference-in-differences (DDD) approach with variation in the bindingness of the revision of employment protection law as our specification strategy. Our results show that the revised employment protection law had a significant positive impact on employment. However, the results of the event study’s DDD model show that the treatment effects do not last over time.

Keywords: employment promotion policy; older adult employment; pension reform (search for similar items in EconPapers)
JEL-codes: J14 J18 J21 J23 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1515/bejeap-2022-0317

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