Labour Supply Effects of a Subsidised Old-Age Part-Time Scheme in Austria

Nikolaus Graf (), Helmut Hofer and Rudolf Winter-Ebmer
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Nikolaus Graf: IHS - Institute for Advanced Studies, Vienna

No 4239, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In this paper we evaluate the impact of the old-age part-time scheme (OAPT) on the Austrian labour market which was a policy to allow flexible retirement options for the elderly with an aim to increase labour supply. According to our matching estimates employment probability increases slightly, especially in the first two years after entrance into the programme. Furthermore, the programme seems to reduce the measured unemployment risk. However, the total number of hours worked is significantly reduced by OAPT. While the policy is meant to reduce early exit from the labour force by allowing part-time work, our analysis indicates that most workers substitute part-time work for full-time work and thus the overall effect is rather negative.

Keywords: nearest neighbour matching; labour supply of the elderly; evaluation of labour market programmes (search for similar items in EconPapers)
JEL-codes: C31 J14 J26 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-06
New Economics Papers: this item is included in nep-age and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in: Zeitschrift für ArbeitsmarktForschung/Journal for Labour Market Research, 2011, 44 (3), 217-229

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Related works:
Journal Article: Labor supply effects of a subsidized old-age part-time scheme in Austria (2011)
Working Paper: Labour Supply Effects of a Subsidised Old-Age Part-Time Scheme in Austria (2009)
Working Paper: Labour Supply Effects of a Subsidised Old-Age Part-Time Scheme in Austria (2009)
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