WAGE SUBSIDIES AND THE LABOR SUPPLY OF OLDER PEOPLE: EVIDENCE FROM SINGAPORE’S WORKFARE INCOME SUPPLEMENT SCHEME
Tiago Freire ()
The Singapore Economic Review (SER), 2018, vol. 63, issue 05, 1101-1139
Abstract:
An increasing body of literature considers population aging and labor markets, focusing on the dynamics of older workers’ labor market participation. Singapore introduced the Workfare Income Supplement (WIS) scheme in 2007, targeting low-income, older workers. Previous studies show that labor force participation drops significantly after the age of 45. We examine whether a wage subsidy program can increase the labor supply of these older workers. Using Hong Kong as a control group in a difference-in-difference-in-difference approach, we find that this program increased labor force participation for women aged 60–64 by 3.1–5.5% points, but had no statistically significant impact on the labor supply of men.
Keywords: Labor supply; quasi-natural experiment; wage subsidy; Singapore (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590815500964
Access to full text is restricted to subscribers
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:63:y:2018:i:05:n:s0217590815500964
Ordering information: This journal article can be ordered from
DOI: 10.1142/S0217590815500964
Access Statistics for this article
The Singapore Economic Review (SER) is currently edited by Euston Quah
More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().