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Title:Labour supply effects of a subsidised old-age part-time scheme in Austria PDF Logo
Authors:Graf, Nikolaus
Hofer, Helmut
Winter-Ebmer, Rudolf
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4239
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.
Subjects:Evaluation of labour market programmes
labour supply of the elderly
nearest neighbour matching
JEL:C31
J14
J26
Persistent Identifier of the first edition:urn:nbn:de:101:1-20090622251
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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