TY - RPRT T1 - Early Retirement Across Europe. Does Non-Standard Employment Increase Participation of Older Workers? Y1 - 2014 A1 - Been, Jim A1 - vanVliet, Olaf KW - early retirement KW - Europe KW - labor market institutions KW - non-standard employment KW - part-time employment KW - self-employment KW - social insurance programs AB -

In many European countries, the labor market participation of older workers is considerably lower than the labor market participation of prime-age workers. This study analyzes the variation in labor market withdrawal of older workers across 13 European countries over the period 1995-2008. We seek to contribute to existing macro-econometric studies by taking non-standard employment into account, by relating the empirical model more explicitly to optional value model theory on retirement decisions and by using a two-step IV-GMM estimator to deal with endogeneity issues. The analysis leads to the conclusion that part-time employment is negatively related to labor market withdrawal of older men. This relationship is less strong among women. Additionally, we find that part-time employment at older ages does not decrease the average actual hours worked. Furthermore, the results show a positive relationship between unemployment among older workers and early retirement similar to previous studies.

PB - Netspar Discussion Paper No. 10-2014-044 CY - Tilburg , The Netherlands L2 - eng UR - http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2510401 ER -