Abstract

http://ssrn.com/abstract=1989242
 


 



Hours of Work and Retirement Behavior


C. Sofia Machado


University of Minho - Economic Policies Research Unit (NIPE)

Miguel Portela


University of Minho; Institute for the Study of Labor (IZA)


IZA Discussion Paper No. 6270

Abstract:     
Using a novel dataset from the 2006 Portuguese Labor Force Survey this paper examines the impact of a voluntary reduction in hours of work, before retirement, on the moment of exit from the labor force. If, as often suggested, flexibility in hours of work is a useful measure to postpone retirement, then a reduction in working hours should be associated with retirement at later ages. Results prove otherwise suggesting that reducing hours of work before retirement is associated with early exits from the labor force. A reduction in hours of work seems to signal the worker's wish to retire sooner rather than to announce the desire of remaining in the labor market. This result may enclose the need for some alternative policy strategies regarding working hours.

Number of Pages in PDF File: 35

Keywords: aging, retirement, working hours, older workers

JEL Classification: J14, J26, J22, J21

working papers series


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Date posted: January 21, 2012  

Suggested Citation

Machado, C. Sofia and Portela, Miguel, Hours of Work and Retirement Behavior. IZA Discussion Paper No. 6270. Available at SSRN: http://ssrn.com/abstract=1989242

Contact Information

C. Sofia Machado (Contact Author)
University of Minho - Economic Policies Research Unit (NIPE) ( email )
Campus de Gualtar
Braga, 4710-057
Portugal
Miguel Portela
University of Minho ( email )
Braga, 4700
Portugal
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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