
This volume examines the interaction of labour market conditions and retirement decisions. Based on French and US data, it provides empirical evidence and quantitative analysis of retirement and labor market flows. It studies the horizon effect and uses French individual data and probit models to show that the horizon effect does matter for the probability of being employed before the early retirement age. It analyses the influence of the retirement age on labour-market equilibrium, as well as the impact of labour market conditions, especially the importance of unemployment risk, on retirement decisions.
This volume investigates the complex interplay between prevailing labor market conditions and individual retirement decision-making processes. Authors François Langot and Jean-Olivier Hairault utilize a comparative framework, drawing upon empirical data from both France and the United States to construct their analysis. By applying quantitative modeling, they evaluate how unemployment risks and institutional retirement ages influence the employment trajectories of older workers.
What You Will Find
Scope Limits
Experts recognize this work as a rigorous contribution to labor economics, particularly for its focus on the quantitative relationship between retirement age and market equilibrium. Readers frequently note the academic density of the prose, which is tailored for researchers and policy analysts familiar with econometric modeling.
Page Count:
144
Publication Date:
2016-01-01
Publisher:
Oxford University Press
ISBN-10:
0191824348
ISBN-13:
9780191824340
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