Getting Tired of Work, or Re-Tiring in Absence of Decent Job Opportunities? Some Insights from an Estimated Random Utility/Random Opportunity Model on Belgian Data.

69 Pages Posted: 7 Nov 2015

See all articles by Bart Capéau

Bart Capéau

KU Leuven

André Decoster

Department of Economics KU Leuven

Date Written: October 2015

Abstract

We report estimates of a version of the Random Utility and Random Opportunity (RURO) model of job choice (Aaberge, Dagsvik and Strøm, 1995, and Aaberge, Colombino and Strøm, 1999) on Belgian data (SILC 2007). The paper exploits the distinction between preference factors and individual differences in opportunities in such a RURO-model, in order to obtain a more nuanced picture of labour market participation of the elderly. More specifically, the estimated model allows to give a quantitative answer to the question to what extent lower labour market participation of elderly is due to changing preferences (executing a job might become less enjoyable with age) or differences in opportunities (elderly getting less, or less attractive job offers).

Suggested Citation

Capéau, Bart and Decoster, André, Getting Tired of Work, or Re-Tiring in Absence of Decent Job Opportunities? Some Insights from an Estimated Random Utility/Random Opportunity Model on Belgian Data. (October 2015). Available at SSRN: https://ssrn.com/abstract=2687021 or http://dx.doi.org/10.2139/ssrn.2687021

Bart Capéau (Contact Author)

KU Leuven

Oude Markt 13
Leuven, Vlaams-Brabant
Belgium

André Decoster

Department of Economics KU Leuven ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

HOME PAGE: http://www.andredecoster.be

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