Permanent wage cost subsidies for older workers: an effective tool for increasing working time and postponing early retirement?
"In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers, but evidence on their effectiveness is scarce. This paper examines the effects of a permanent wage cost subsidy in Belgium on the employment rate, working time and hourly wag...
| Main Authors: | , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Bonn
2015
IZA |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19113355124919315379-Permanent-wage-cost-subsidies-.htm |
| _version_ | 1771659899103608832 |
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| author | Albanese, Andrea Cockx, Bart |
| author_facet | Albanese, Andrea Cockx, Bart |
| collection | Library items |
| description | "In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers, but evidence on their effectiveness is scarce. This paper examines the effects of a permanent wage cost subsidy in Belgium on the employment rate, working time and hourly wage. We estimate these effects by integrating Inverse Probability Weighting in a, possibly trend-adjusted, Difference-in-Differences of endogenously sampled repeated cross sections. We find small positive short-run impacts on working time and larger ones on the employment rate, but only for employees at high risk of leaving to early retirement. The wage is not affected." |
| format | TEXT |
| geographic | OECD countries |
| id | 19113355124919315379_39258cde33984d6f9802fc8d55701b7c |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19113355124919315379_39258cde33984d6f9802fc8d55701b7c |
| is_hierarchy_title | Permanent wage cost subsidies for older workers: an effective tool for increasing working time and postponing early retirement? |
| language | English |
| physical | 43 p. Digital |
| publishDate | 2015 |
| publisher | Bonn IZA |
| spellingShingle | Albanese, Andrea Cockx, Bart employment older worker retirement age statistics wage incentive employment subsidy Permanent wage cost subsidies for older workers: an effective tool for increasing working time and postponing early retirement? |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=108106892638 |
| title | Permanent wage cost subsidies for older workers: an effective tool for increasing working time and postponing early retirement? |
| topic | employment older worker retirement age statistics wage incentive employment subsidy |
| url | https://www.labourline.org/KENTIKA-19113355124919315379-Permanent-wage-cost-subsidies-.htm |