Too old to work, too young to retire?

Andrea Ichino, Guido Schwerdt, Rudolf Winter-Ebmer and Josef Zweimüller ()

The Journal of the Economics of Ageing, 2017, vol. 9, issue C, 14-29

Abstract: We study whether employment prospects of old and young workers differ after a plant closure. Using Austrian administrative data and a combination of exact matching and fixed effects, we show that old and young workers face similarly large displacement costs in terms of employment in the long-run, but old workers lose considerably more initially and gain later. Effects on wages of displaced workers are not age-dependent. We interpret these findings in the light of a standard job search model augmented to allow for an absorbing state capturing the option of “early retirement”.

Keywords: Aging; Employability; Plant closures; Matching (search for similar items in EconPapers)
JEL-codes: J14 J65 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)

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Related works:
Working Paper: Too Old To Work, Too Young To Retire? (2014)
Working Paper: Too Old to Work, Too Young to Retire? (2013)
Working Paper: Too Old to Work, Too Young to Retire? (2013)
Working Paper: Too Old to Work, too Young to Retire? (2007)
Working Paper: Too Old to Work, Too Young to Retire? (2007)
Working Paper: Too Old to Work, Too Young to Retire? (2007)
Working Paper: Too Old to Work, Too Young to Retire? (2007)
Working Paper: Too Old to Work, Too Young to Retire? (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:9:y:2017:i:c:p:14-29

DOI: 10.1016/j.jeoa.2016.07.001

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