Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/33561 
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers No. 1985
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Despite a sequence of labor market reforms in recent years, employment of older workers in Germany is still lower than in many other European countries. The paper explains this by institutional factors that affect labor supply, labor demand and matching, i.e. labor market regulation, human capital formation, wages as well as the availability of active labor market policy and social benefits. It can be shown that the institutional framework currently in place in Germany is inconsistent. Further reforms are needed to create better employment opportunities for older workers. This implies the abolishment of still existing incentives for early retirement, a more flexible labor law, stronger capacities for human capital formation through life-long learning and a consistent strategy to activate older job seekers.
Subjects: 
older workers
early retirement
labor market policies
Germany
JEL: 
J26
J48
J68
Document Type: 
Working Paper

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