Alternative Approaches to Model Withdrawals from the Labour Market – A Literature Review

Tuulia Hakola ()
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Tuulia Hakola: The Central Pension Security Institute, Postal: 00065 The Central Pension Security Institute, Finland

No 2003:4, Working Paper Series from Uppsala University, Department of Economics

Abstract: The paper reviews large literature on retirement, keeping in mind the goal of finding a suitable model to the labour market of the older workers in Sweden. The review is divided into six sections. The first section explains the problems of defining retirement. The second section deals with a multitude of labour market exit channels. Specific features of modelling old-age retirement, disability, sick leave, and unemployment of the aged are explained. The third section is concerned with economic and non-economic incentives. Different definitions of economic incentives are described, and the importance of a correct health measure is discussed. The fourth section is concerned with the spousal decision-making, and the fifth with the labour demand effects on retirement. The final chapter goes through strengths and weaknesses of structural and reduced-form models.

Keywords: Retirement; Labour force participation of the older workers (search for similar items in EconPapers)
JEL-codes: J14 J26 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2002-12-20
New Economics Papers: this item is included in nep-lab
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