Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46013
Authors: 
Manoli, Dayanand
Weber, Andrea Maria
Year of Publication: 
2010
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5248
Abstract: 
This paper presents new empirical evidence on intertemporal labor supply elasticities. Weuse administrative data on the census of private sector employees in Austria and variation from mandated discontinuous changes in retirement benefits from the Austrian pension system. We first present graphical evidence documenting delays in retirement in response to the policy discontinuities. Next, based on the empirical evidence, we develop a model of career length decisions. Using an estimator that exploits the graphical evidence, we estimate an intertemporal labor supply elasticity of 0.30; this relatively low estimate reflects that the disutility of labor supply rises relatively quickly with additional years of work.
Subjects: 
life-cycle labor supply
retirement decisions
intertemporal labor supply elasticity
policy discontinuitie
JEL: 
J22
J26
E24
Document Type: 
Working Paper

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