Is it retirement or unemployment? Induced ‘retirement’ and constrained labour supply among older workers

1993 ◽  
Vol 25 (4) ◽  
pp. 505-519 ◽  
Author(s):  
Lars Osberg
Keyword(s):  
Older Workers ◽  
Labour Supply ◽  
Induced Retirement

scholarly journals Retirement rigidities and the gap between effective and desired labour supply by older workers

2018 ◽  
Vol 7 (1) ◽  
Author(s):  
Serena Trucchi ◽  
Elsa Fornero ◽  
Mariacristina Rossi
Keyword(s):  
Older Workers ◽  
Labour Supply

scholarly journals What Are the Economic and Labour Market Effects of an Income Tax Reduction Targeted at Older Workers?

2012 ◽  
Vol 2012 ◽  
pp. 1-12
Author(s):  
Maxime Fougère ◽  
Simon Harvey ◽  
Bruno Rainville
Keyword(s):  
Labour Market ◽  
Computable General Equilibrium ◽  
Older Workers ◽  
Income Tax ◽  
Labour Supply ◽  
Private Investment ◽  
Computable General Equilibrium Model ◽  
Market Effects ◽  
Tax Reduction ◽  
Macroeconomic Impact

This paper explores the economic and labour market effects of implementing a tax reduction targeted at older workers. The analysis is conducted with a life-cycle computable general equilibrium model calibrated on Canadian data. The analysis shows that implementing a permanent income tax reduction for workers aged 60 and over has only small macroeconomic effects because the labour supply increase of older workers is partly offset by a reduction in the labour supply at core ages. This induced effect also discourages savings and generates crowding out through private investment but has a favourable impact on lifetime economic welfare. The macroeconomic impact is much larger when the income tax reduction is temporary because workers no longer reduce their hours at core ages and there is no reduction in savings. However, since only current middle-aged and older workers benefit from the tax cut, a temporary income tax cut reduces intergenerational equity.

scholarly journals Selected Characteristics of Slovak Households as a Source of Information Concering Labour Supply

2019 ◽  
Vol 14 (4) ◽  
pp. 345-356
Author(s):  
Marian Kika ◽  
Luboslava Kubisova
Keyword(s):  
Older Workers ◽  
Labour Supply ◽  
Statistical Tests ◽  
Regional Distribution ◽  
Specific Information ◽  
Family Responsibilities ◽  
Capital Theory ◽  
Slovak Population ◽  
Research Survey ◽  
Size Type

The purpose of the paper is to provide specific information on the labour supply in Slovakia based on the analysis of data collected from Slovak households. In line with the human capital theory, we consider households as essential in both shaping and providing the labour supply. The subject of the research survey were Slovak households and their members comprising a representative sample of the Slovak population with respect to the size, type and regional distribution of households as well as the age of their adult members. The sample consisted of 1,753 households and 4,855 household members as respondents. We looked at their willingness to make various choices in order to get a job and retain it as well as their family or household life strategies to maintain a work-life balance in view of their attitudes to sharing the family responsibilities. We used nonparametric statistical tests to establish the order of preferences for respective issues and the Spearman coefficient to find out the statistically significant relation between the age of the respondents and the choices they are most likely to prefer. The results have shown that age is a decisive factor in the responses to several of the questions, which is important to take into consideration as most of the labour demand in the following years will be created by the loss of older workers due to retirement or other reasons. This means that employers need to be prepared for a generational change and may be motivated to consider age management as one of their strategies to deal with the predicted labour shortage.

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