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http://ssrn.com/abstract=604443
 
 

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Reduction in the Long-Term Unemployment of the Elderly: A Success Story from Finland


Ralf A. Wilke


University of York (UK); Center for European Economic Research (ZEW); Policy Studies Institute (PSI)

Tomi Kyyrä


Government Institute for Economic Research (VATT)

2004

ZEW - Centre for European Economic Research Discussion Paper No. 04-063

Abstract:     
In Finland the elderly unemployed are allowed to collect unemployment benefits up to the age of 60, when they can retire via a particular unemployment pension. In 1997 the eligibility age of persons benefiting from this scheme was raised from 53 to 55. We consider changes in the risk of unemployment, unemployment durations, and the exit states before and after the reform. In the duration analysis a flexible treatment design is adopted by allowing for quantile treatment effects. We apply three different non- and semiparametric methods, which all produce robust and coherent results. Since the reform the group aged 53-54 has had a lower risk of unemployment, shorter unemployment durations, and higher exit rates to employment, and it is no longer distinguishable from the group aged 50-52. We estimate the amount of unemployment benefits saved due to the reform.

Number of Pages in PDF File: 38

Keywords: Unemployment insurance reform, quantile treatment effect, non- and semiparametric methods, Finnish register data

JEL Classification: J64, J26, C14, C41

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Date posted: October 15, 2004 ; Last revised: August 14, 2008

Suggested Citation

Wilke, Ralf A. and Kyyrä, Tomi, Reduction in the Long-Term Unemployment of the Elderly: A Success Story from Finland (2004). ZEW - Centre for European Economic Research Discussion Paper No. 04-063. Available at SSRN: http://ssrn.com/abstract=604443 or http://dx.doi.org/10.2139/ssrn.604443

Contact Information

Ralf A. Wilke (Contact Author)
University of York (UK) ( email )
Department of Economics and Related Studies
Heslington, York YO10 5DD
United Kingdom
Center for European Economic Research (ZEW) ( email )
P.O. Box 10 34 43
L 7,1 D-68161 Mannheim
Germany
Policy Studies Institute (PSI) ( email )
London NW1 3SR
United Kingdom
Tomi Kyyrä
Government Institute for Economic Research (VATT) ( email )
PO Box 1279
Helsinki, 00101
Finland
HOME PAGE: http://www.vatt.fi
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