 How Do Older Laid-Off Workers Get By: Reemployment, Early Retirement, or Social Insurance Benefits?Ross Finnie and David Gray Canadian Public Policy, 2018, vol. 44, issue 2, 173-189 Abstract: We investigate the post-layoff configuration of income sources and pathways of prime-age and older laid-off workers exhibiting a high degree of prior attachment. Using a unique Canadian administrative database that links the event of the involuntary layoff with detailed data on income receipt, we track all of their sources of income over an interval spanning five years after layoff. We conduct a multivariate statistical analysis of the incidence of relying on income from several alternative sources, specifically early retirement (both public and private), reemployment, self-employment, or reliance on social insurance benefits (other than pensions). The two most common states for laid-off workers who have not yet reached normal retirement age are early retirement and continued labour market activity. Our findings indicate that the older workers are at the point of layoff, the greater the likelihood is that they will rely on pension income as their primary income source. This incidence of reliance on pension income also increases with the number of years elapsed since the point of layoff. Date: 2018 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cpp:issued:v:44:y:2018:i:2:p:173-189 Ordering information: This journal article can be ordered from Access Statistics for this article Canadian Public Policy is currently edited by Prof. Mike Veall More articles in Canadian Public Policy from University of Toronto Press University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8. |
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