工作时间更少但工作更长久——成熟员工对弹性工作制改革的回应.pdf

1、Work Less but Stay Longer:Mature Worker Response to a Flexibility ReformERIK HERNSZHIYANG JIAJOHN PIGGOTTTROND CHRISTIAN VIGTELLabor supply at older ages Increasing the access age to increase labor supply at older ages:Workers want to gradually reduce work;employers want to retain competence of expe

2、rienced employees(Brown 2005;Ameriks et al.2020)Introducing flexible pension schemes(pension benefits and labor income with no earnings test and actuarial adjustment of benefits):Possibility of dangerous flexibility,with a zero or negative effect on total labor supply(Brsch-Supan et al.2018)Effect o

3、f flexibility on labor supplyThe 2011 Norwegian pension reformEmpirical approachResultsSummaryThe 2011 Norwegian pension reform Access age to old-age public pension reduced from 67 to 62:With actuarial adjustments of benefits claimed as annuity(lump-sum not possible)Contingent on minimum entitlement

4、s Abolished earnings test on combining work and old-age pension benefits Automatic adjustments of benefits for changes in life expectancy New rules for accumulating pension entitlementsThe 2011 Norwegian pension reform We analyze the impact of introducing the flexible retirement option on the labor

5、supply for individuals aged 6266:Allows those constrained to reduce work earlier(-)Potential dynamic effect through allowing for a more gradual exit(+/-)May reduce inflow to other types of labor force withdrawal,such as disability(+)Empirical approach Main measure of labor supply is labor earnings:C

6、hanges in labor earnings reflect changes in type of job(responsibility,workload,etc.)better than changes in number of hours Labor earnings capture multiple jobs in a convenient way Limited information on the actual number of hours worked(only contracted)Empirical approach Labor earnings of 19431958