NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Old-age Labor Force Participation in Germany: What Explains the Trend Reversal among Older Men? And What the Steady Increase among Women?

Axel Börsch-Supan, Irene Ferrari

NBER Working Paper No. 24044
Issued in November 2017
NBER Program(s):The Program on Aging

The aim of this paper is to illustrate for Germany the factors that may explain the U-shaped pattern of older men’s labor force participation - from a long declining trend that began in the early 1970s to an increasing trend starting from the late 1990s - and at the same time the steady increase in older women’s labor force participation. In a first step, we provide graphical evidence of the trends of various variables which may be relevant, with the aim of investigating the presence or absence of common patterns between these factors and labor force participation. Then, through a decomposition analysis, we provide an empirical estimate of the contribution of some of these factors to the overall evolution of labor force participation. Our preliminary conclusion is that much of the change in the trend of older men’s labor force participation may be explained by changes in public pension regulations, and in particular by the phasing in of actuarial adjustments for early retirement. Regarding women, whether public pension rules play a role is unclear. Most probably, the secular change of women’s role in society is the main driver of the steadily increasing labor force participation among German women.

download in pdf format
   (908 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w24044

Forthcoming: Old-age Labor Force Participation in Germany: What Explains the Trend Reversal among Older Men and the Steady Increase among Women?, Axel Börsch-Supan, Irene Ferrari. in Social Security Programs and Retirement around the World: Working Longer, Coile, Milligan, and Wise. 2019

Users who downloaded this paper also downloaded* these:
Mankiw and Reis w24043 Friedman's Presidential Address in the Evolution of Macroeconomic Thought
Ameriks, Briggs, Caplin, Lee, Shapiro, and Tonetti w24008 Older Americans Would Work Longer If Jobs Were Flexible
Acemoglu, Makhdoumi, Malekian, and Ozdaglar w24046 Fast and Slow Learning From Reviews
Engel, Lee, Liu, Liu, and Wu w24059 The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules
Einav and Finkelstein w24055 Moral Hazard in Health Insurance: What We Know and How We Know It
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us