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Retirement rigidities and the gap between effective and desired labour supply by older workers

Author

Listed:
  • Serena Trucchi

    (Ca’ Foscari University of Venice)

  • Elsa Fornero

    (University of Turin, CeRP-Collegio Carlo Alberto)

  • Mariacristina Rossi

    (University of Turin, CeRP-Collegio Carlo Alberto and Netspar)

Abstract

Our paper analyses the observed and desired labour supply by older workers and (recent) retirees in a country (Italy) with limited opportunities for flexible work schedules. To this purpose, we use a dataset drawn from the Bank of Italy’s Survey on Household Income and Wealth providing information on desired and actual working hours. Our empirical analysis documents the gap between older individuals’ desired and observed labour supply at both the extensive and the intensive margins and traces it back to gender, education and family composition. The paper provides useful insights into the potential usefulness of policies such as gradual retirement and part-time work in increasing older workers’ employment.

Suggested Citation

  • Serena Trucchi & Elsa Fornero & Mariacristina Rossi, 2018. "Retirement rigidities and the gap between effective and desired labour supply by older workers," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-19, December.
    • Handle: RePEc:spr:izalpo:v:7:y:2018:i:1:d:10.1186_s40173-018-0103-y
    DOI: 10.1186/s40173-018-0103-y
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    More about this item

    Keywords

    Retirement; Desired labour supply; Flexible retirement;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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