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

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 informat...

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Bibliographic Details
Published in:IZA journal of labor policy 2018-10, Vol.7 (10), p.1-19, Article 10
Main Authors: Trucchi, Serena, Fornero, Elsa, Rossi, Mariacristina
Format: Article
Language:English
Subjects:
Desired labour supply
Economic models
Economic Policy
Economics
Economics and Finance
Flexible retirement
Labor Economics
Labor supply
Older workers
Original Article
Part time employment
Population Economics
Retirees
Retirement
Social Policy
Wealth
Work
Workers
Working hours
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Summary: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.
ISSN:2193-9004
2193-9004
DOI:10.1186/s40173-018-0103-y