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Title:Making Work Pay for the Elderly Unemployed: Evaluating Alternative Policy Reforms for Germany PDF Logo
Authors:Haan, Peter
Steiner, Viktor
Issue Date:2006
Series/Report no.:DIW-Diskussionspapiere 641
Abstract:We evaluate three policy reforms targeted at older unemployed people: (i) an hourly wage subsidy, (ii) an in-work credit, and (iii) a subsidy of social security contributions on low wages. The work incentive, labour supply and welfare effects of these hypothetical reforms are analysed on the basis a detailed micro-simulation model for Germany which includes a structural household labour supply model. We find that the simulated labour supply effects of the three policy reforms would be rather similar and of moderate size, ranging between 20,000 and 30,000 older women and between 10,000 and 20,000 older men. Our results also suggest that the hourly wage subsidy yields the highest welfare gains.
Subjects:in-work support
wage subsidies
unemployment
elderly workers
JEL:J48
J21
H21
Document Type:Working Paper
Appears in Collections:DIW-Diskussionspapiere
Publikationen von Forscherinnen und Forschern des DIW

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