The impact of early retirement reform on firms’ employment adjustment

Detalhes bibliográficos
Autor(a) principal: Alecci, Andrea
Data de Publicação: 2013
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/9696
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
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spelling The impact of early retirement reform on firms’ employment adjustmentSocial securityEarly retirementLabor forceNet job creationA Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and EconomicsFacing low participation rates of old workers and an increase in life ex- pectancy, in the last two decades many developed countries have reformed their social security systems to improve their long-term financial sustainability. In Europe, the starting point for the policy maker has been the increase in the statutory retirement age and the gradual phase-out of early retirement schemes. Against the common trend, the Portuguese legislator approved in 1999 an early retirement reform, allowing older workers to exibilize their retirment decision. In this paper I analyze the e¤ects of the 1999 reform on the retirement decision of the workers and the firms' employment adjustment. I find that after the reform workers retire earlier, and that the reform resulted in a job destruction process as firms do not replace old workers with young and prime age ones. I conclude that the reform failed to stimulate young employment and by allowing workers to retire earlier posed risks to the long-term sustainability of the Portuguese social security system.NSBE - UNLPortugal, PedroRUNAlecci, Andrea2013-05-24T13:51:41Z2013-012013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/9696enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:43:00Zoai:run.unl.pt:10362/9696Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:18:59.802132Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of early retirement reform on firms’ employment adjustment
title The impact of early retirement reform on firms’ employment adjustment
spellingShingle The impact of early retirement reform on firms’ employment adjustment
Alecci, Andrea
Social security
Early retirement
Labor force
Net job creation
title_short The impact of early retirement reform on firms’ employment adjustment
title_full The impact of early retirement reform on firms’ employment adjustment
title_fullStr The impact of early retirement reform on firms’ employment adjustment
title_full_unstemmed The impact of early retirement reform on firms’ employment adjustment
title_sort The impact of early retirement reform on firms’ employment adjustment
author Alecci, Andrea
author_facet Alecci, Andrea
author_role author
dc.contributor.none.fl_str_mv Portugal, Pedro
RUN
dc.contributor.author.fl_str_mv Alecci, Andrea
dc.subject.por.fl_str_mv Social security
Early retirement
Labor force
Net job creation
topic Social security
Early retirement
Labor force
Net job creation
description A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
publishDate 2013
dc.date.none.fl_str_mv 2013-05-24T13:51:41Z
2013-01
2013-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
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url http://hdl.handle.net/10362/9696
dc.language.iso.fl_str_mv eng
language eng
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