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- Title
Role of labor demand in the labor market effects of a pension reform.
- Authors
Geyer, Johannes; Haan, Peter; Lorenz, Svenja; Zwick, Thomas; Bruns, Mona
- Abstract
This paper shows that labor demand plays an important role in the labor market reactions to a pension reform in Germany. Employers with a high share of older worker inflow compared with their younger worker inflow, employers in sectors with few investments in research and development, and employers in sectors with a high share of collective bargaining agreements allow their employees to stay employed longer after the reform. These employers offer their older employees partial retirement instead of forcing them into unemployment before early retirement because the older employees incur low substitution costs and high dismissal costs.
- Subjects
GERMANY; LABOR demand; LABOR market; PENSION reform; EARLY retirement; COLLECTIVE labor agreements; YOUNG workers
- Publication
Industrial Relations, 2022, Vol 61, Issue 2, p152
- ISSN
0019-8676
- Publication type
Article
- DOI
10.1111/irel.12293