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Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 16430
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
We study the welfare implications of employment protection for older workers, exploiting recent bans on mandatory retirement across Canadian provinces. Using linked employer- employee tax data, we show that the bans cause large and similar reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary substantially across industries and firms, and around two-fifths of the adjustments occur between ban announcement and implementation dates. We find no evidence that the demand for older workers falls, but the welfare effects are mediated by spillovers on savings behavior, workplace injuries, and spousal retirement timing.
Schlagwörter: 
employment protection
retirement
welfare
active and passive savings responses
health effects
spousal spillovers
JEL: 
J26
J78
H55
Dokumentart: 
Working Paper

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