IDEAS home Printed from https://ideas.repec.org/a/cpp/issued/v44y2018i2p173-189.html
   My bibliography  Save this article

How Do Older Laid-Off Workers Get By: Reemployment, Early Retirement, or Social Insurance Benefits?

Author

Listed:
  • Ross Finnie
  • David Gray

Abstract

We investigate the post-layoff configuration of income sources and pathways of prime-age and older laid-off workers exhibiting a high degree of prior attachment. Using a unique Canadian administrative database that links the event of the involuntary layoff with detailed data on income receipt, we track all of their sources of income over an interval spanning five years after layoff. We conduct a multivariate statistical analysis of the incidence of relying on income from several alternative sources, specifically early retirement (both public and private), reemployment, self-employment, or reliance on social insurance benefits (other than pensions). The two most common states for laid-off workers who have not yet reached normal retirement age are early retirement and continued labour market activity. Our findings indicate that the older workers are at the point of layoff, the greater the likelihood is that they will rely on pension income as their primary income source. This incidence of reliance on pension income also increases with the number of years elapsed since the point of layoff.

Suggested Citation

  • Ross Finnie & David Gray, 2018. "How Do Older Laid-Off Workers Get By: Reemployment, Early Retirement, or Social Insurance Benefits?," Canadian Public Policy, University of Toronto Press, vol. 44(2), pages 173-189, June.
    • Handle: RePEc:cpp:issued:v:44:y:2018:i:2:p:173-189
    DOI: 10.3138/cpp.2017-034
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.3138/cpp.2017-034
    Download Restriction: access restricted to subscribers
    File URL: https://libkey.io/10.3138/cpp.2017-034?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fang, Tony & Messacar, Derek, 2019. "Voluntary Job Separations and Traditional versus Flexible Workplace Saving Plans: Evidence from Canada," IZA Discussion Papers 12262, Institute of Labor Economics (IZA).
    2. Louis-Philippe Beland & Oluwatobi Fakorede & Derek Mikola, 2020. "Short-Term Effect of COVID-19 on Self-Employed Workers in Canada," Canadian Public Policy, University of Toronto Press, vol. 46(S1), pages 66-81, July.
    3. Derek Messacar & Petr Kocourek, 2019. "Pathways to Retirement, Well-Being, and Mandatory Retirement Rules: Evidence from Canadian Reforms," Journal of Labor Research, Springer, vol. 40(3), pages 249-275, September.
    4. Lisa Hollis‐Sawyer, 2021. "Differential Treatment of Older Workers Due to COVID‐19 Accommodations: Potential Issues of Ageism and Age Discrimination," Journal of Elder Policy, John Wiley & Sons, vol. 1(3), pages 155-174, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpp:issued:v:44:y:2018:i:2:p:173-189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iver Chong (email available below). General contact details of provider: https://www.utpjournals.press/loi/cpp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.