| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28914 |
| 来源ID | Working Paper 28914 |
| Shocks, Institutions and Secular Changes in Employment of Older Individuals | |
| Richard Rogerson; Johanna Wallenius | |
| 发表日期 | 2021-06-14 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Employment rates of males aged 55-64 have changed dramatically in the OECD over the last 5 decades. The average employment rate decreased by more than 15 percentage points between the mid-1970s and the mid-1990s, only to increase by roughly the same amount subsequently. One proposed explanation in the literature is that spousal non-working times are complements and that older males are working longer as a result of secular increases in labor supply of older females. In the first part of this paper we present evidence against this explanation. We then offer a new narrative to understand the employment rate changes for older individuals. We argue that the dramatic U-shaped pattern for older male employment rates should be understood as reflecting a mean reverting low frequency shock to labor market opportunities for all workers in combination with temporary country specific policy responses that incentivized older individuals to withdraw from market work. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w28914 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586588 |
| 推荐引用方式 GB/T 7714 | Richard Rogerson,Johanna Wallenius. Shocks, Institutions and Secular Changes in Employment of Older Individuals. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28914.pdf（307KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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