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dc.contributor.authorIchino, Andreaen_US
dc.contributor.authorSchwerdt, Guidoen_US
dc.contributor.authorWinter-Ebmer, Rudolfen_US
dc.contributor.authorZweimüller, Josefen_US
dc.date.accessioned2008-01-23en_US
dc.date.accessioned2009-07-28T08:16:41Z-
dc.date.available2009-07-28T08:16:41Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/26163-
dc.description.abstractWe use firm closure data from social security records for Austria 1978-1998 to investigate the effect of age on employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non-displaced workers. We then use a difference-in-difference strategy to analyze employment and earnings of older relative to prime-age workers in the displacement and non-displacement groups. Results suggest that immediately after plant closure the old have lower re-employment probabilities as compared to prime-age workers but later they catch up. While among the young the employment prospects of the displaced remain persistently different from those of the non-displaced, among the old the effect of displacement fades away, and actually disappears even immediately after plant closure when the effect of tenure based severance payment is controlled for. Our evidence suggests that increasing the retirement age does not necessarily produce individuals who are “too old to work but too young to retire”.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2118en_US
dc.subject.jelJ14en_US
dc.subject.jelJ65en_US
dc.subject.ddc330en_US
dc.subject.keywordagingen_US
dc.subject.keywordemployabilityen_US
dc.subject.keywordplant closuresen_US
dc.subject.keywordmatchingen_US
dc.subject.stwAlternde Bevölkerungen_US
dc.subject.stwFlexible Altersgrenzeen_US
dc.subject.stwArbeitsnachfrageen_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwSchätzungen_US
dc.subject.stwÖsterreichen_US
dc.titleToo old to work, too young to retire?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn557257883en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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