Počet záznamů: 1
The impact of early retirement incentives on labor market participation: evidence from a parametric change in the Czech Republic
0368426 - NHU-N 2012 RIV CZ eng J - Článek v odborném periodiku
Kocourek, D. - Pertold, Filip
The impact of early retirement incentives on labor market participation: evidence from a parametric change in the Czech Republic.
Finance a úvěr-Czech Journal of Economics and Finance. Roč. 61, č. 5 (2011), s. 467-483 ISSN 0015-1920
Grant CEP: GA MŠk LC542
Výzkumný záměr: CEZ:AV0Z70850503
Klíčová slova: early retirement * labor market participation * Czech Republic
Kód oboru RIV: AH - Ekonomie
Impakt faktor: 0.346, rok: 2011
We investigate the impact of a change in the Czech early retirement scheme on the labor force participation of older male workers. Using the difference-in-differences method we find that a reduction in early retirement benefits by 2-3% leads to significant decrease in the probability of being inactive for eligible individuals. The effect for individuals who are on the margin of eligibility for early retirement is much stronger than that for an average eligible individual. Our finding implies high elasticity of older male workers' participation rate. The public policy implication is that a reduction in early retirement benefits can serve as a very effective tool to increase the participation of older men in the Czech labor market.
Trvalý link: http://hdl.handle.net/11104/0202773