Retirement incentives, individual heterogeneity and labor transitions of employed and unemployed workers

J. Ignacio García-Pérez, Sergi Jimenez-Martin and Alfonso R. Sánchez-Martín
Authors registered in the RePEc Author Service: Alfonso Ramon Sanchez Martin () and J. Ignacio García Pérez ()

Labour Economics, 2013, vol. 20, issue C, 106-120

Abstract: In this paper, we analyze the sensitivity of the labor market decisions of workers close to retirement with respect to the incentives created by public regulations. We improve upon the extensive prior literature on the effect of pension incentives on retirement by jointly modeling the transitions between employment, unemployment and retirement, paying special attention to the transition from unemployment to retirement (which is particularly important in Spain and other European countries, and whose relevance is increasing as a result of the recent economic crisis).

Keywords: Retirement; Unemployment; Incentives; Pension system; Unobserved heterogeneity; Spain (search for similar items in EconPapers)
JEL-codes: H55 J14 J26 J64 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Retirement Incentives, Individual Heterogeneity and Labour Transitions of Employed and Unemployed Workers (2015)
Working Paper: Retirement incentives, individual heterogeneity and labour transitions of employed and unemployed workers (2010)
Working Paper: Retirement incentives, individual heterogeneity and labour transitions of employed and unemployed workers (2010)
Working Paper: Retirement incentives, individual heterogeneity and labour transitions of employed and unemployed workers (2010)
Working Paper: Retirement incentives, individual heterogeneity and labour transitions of employed and unemployed workers (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:20:y:2013:i:c:p:106-120

DOI: 10.1016/j.labeco.2012.11.006

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