Please use this identifier to cite or link to this item:
Graf, Nikolaus
Hofer, Helmut
Winter-Ebmer, Rudolf
Year of Publication: 
Series/Report no.: 
NRN Working Paper, NRN: The Austrian Center for Labor Economics and the Analysis of the Welfare State 0906
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.
evaluation of labour market programmes
labour supply of the elderly
nearest neighbour matching
Document Type: 
Working Paper

Files in This Item:
238.44 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.