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Institutional Reforms and an Incredible Rise in Old Age Employment

Regina Riphahn () and Rebecca Schrader ()
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Rebecca Schrader: University of Erlangen-Nuremberg

No 11931, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We investigate whether a cut in unemployment benefit payout periods affected older workers' labor market transitions. We apply rich administrative data and exploit a difference-in-differences approach. We compare the reference group of 40-44 year olds with constant benefit payout periods to older treatment groups with reduced payout durations. For the latter job exit rates declined, job finding rates increased, the propensity to remain employed increased, and the propensity to remain unemployed declined after the reform. These patterns suggest that the reform of unemployment benefits may be one of the reasons behind the recent incredible rise in old age employment in Germany.

Keywords: labor force participation; employment; unemployment insurance; retirement (search for similar items in EconPapers)
JEL-codes: J14 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-eur, nep-ias and nep-lab
Date: 2018-10
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Forthcoming in: Industrial and Labor Relations Review

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Working Paper: Institutional Reforms and an Incredible Rise in Old Age Employment (2018) Downloads
Working Paper: Institutional reforms and an incredible rise in old age employment (2017) Downloads
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