Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58455
Authors: 
Machado, C. Sofia
Portela, Miguel
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6270
Abstract: 
Using a novel dataset from the 2006 Portuguese Labor Force Survey this paper examines the impact of a voluntary reduction in hours of work, before retirement, on the moment of exit from the labor force. If, as often suggested, flexibility in hours of work is a useful measure to postpone retirement, then a reduction in working hours should be associated with retirement at later ages. Results prove otherwise suggesting that reducing hours of work before retirement is associated with early exits from the labor force. A reduction in hours of work seems to signal the worker's wish to retire sooner rather than to announce the desire of remaining in the labor market. This result may enclose the need for some alternative policy strategies regarding working hours.
Subjects: 
aging
retirement
working hours
older workers
JEL: 
J14
J26
J22
J21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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