Labor force participation and transitions of older workers in Spain

Alfonso Alba

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: We use data from the Active Population Survey (EP A) to study the labor force participation of older workers in Spain. More specifically, the focus is on labor force transitions of men aged 50-69. We match quarterly EPA files, available for the period 1987-1996, to obtain transitions over one-year intervals. In the parametric analysis of transitions rates we use a multinomial logit model. Similar to U.S. studies, we find a strong spike in labor force exit at age 65, the normal age of retirement. We also find a higher probability of exit from the labor force at the beginning of eligibility for early retirement, age 60 in Spain. In general, the paper's results agree with those obtained in previous studies. In addition, we provide evidence of the effect on transition rates of variables related labor force attachment and job characteristics. For instance, we find that lower job security is associated with a higher probability of leaving the labor force at older ages.

Keywords: Labor; force; participation; Transition; rate; Retirement (search for similar items in EconPapers)
Date: 1997-05
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:6029

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