Retirement Rigidities and the Gap Between Effective and Desired Labour Supply by Older Workers

33 Pages Posted: 19 Mar 2018

See all articles by Serena Trucchi

Serena Trucchi

Ca Foscari University of Venice

Elsa Fornero

University of Turin (Italy) - Department of Economics and Statistics; Center for Research on Pensions and Welfare Policies (CeRP); Netspar

Mariacristina Rossi

University of Turin, Esomas

Date Written: March 1, 2018

Abstract

Our paper analyses the observed and desired labour supply of older workers and (recent) retirees in a country (Italy) with limited opportunities for exible work schedules. For this purpose, we use a unique dataset drawn from the Bank of Italy's Survey on Household Income and Wealth (SHIW) providing information on both desired and actual working hours. Our empirical analysis documents the gap between older individuals' desired and observed labour supply at both the extensive and the intensive margins and traces it back to gender, education and family composition. The paper provides useful insights into the potential effectiveness of policies such as gradual retirement and part-time work in increasing older workers' employment.

Keywords: Retirement, desired labour supply, exible retirement

JEL Classification: J26, J14

Suggested Citation

Trucchi, Serena and Fornero, Elsa and Rossi, Mariacristina, Retirement Rigidities and the Gap Between Effective and Desired Labour Supply by Older Workers (March 1, 2018). University Ca' Foscari of Venice, Dept. of Economics Research Paper Series No. 05/WP/2018. Available at SSRN: https://ssrn.com/abstract=3141797 or http://dx.doi.org/10.2139/ssrn.3141797

Serena Trucchi (Contact Author)

Ca Foscari University of Venice

Dorsoduro 3246
Venice, Veneto 30123
Italy

Elsa Fornero

University of Turin (Italy) - Department of Economics and Statistics ( email )

Via Po, 53
Torino, 10124
Italy
+39-011-6706076 (Phone)

Center for Research on Pensions and Welfare Policies (CeRP)

Via Real Collegio, 30
Moncalieri, Turin
Italy

Netspar

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Mariacristina Rossi

University of Turin, Esomas ( email )

Corso Unione Sovietica
Torino, Torino 10100
Italy

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