Technology, labour market institutions and early retirement: evidence from Finland:
Among various barriers to increasing employment of older workers, this paper focuses on two notable ones that are relevant for the future of work. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2021
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | Among various barriers to increasing employment of older workers, this paper focuses on two notable ones that are relevant for the future of work. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several countries have in place various labour market institutions that encourage early retirement, such as exceptional entitlements or looser criteria for unemployment and disability benefits applied to older individuals. This paper presents evidence that these two factors reinforce each other to push older workers out of employment. It is found that older workers who are more exposed to digital technologies are more likely to leave employment, and that this effect is significantly magnified when they are eligible to an extension of unemployment benefits until they start drawing old age pension. Furthermore, a simple simulation based on the empirical findings illustrates that a reform that tightens the eligibility for the benefit extension would increase mostly the employment of older workers that are more exposed to digital technologies |
| Beschreibung: | 1 Online-Ressource (35 Seiten) |
| DOI: | 10.1787/3ea0c49b-en |
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| spelling | Yashiro, Naomitsu Verfasser aut Technology, labour market institutions and early retirement: evidence from Finland Naomitsu Yashiro ... [et al] Paris OECD Publishing 2021 1 Online-Ressource (35 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Among various barriers to increasing employment of older workers, this paper focuses on two notable ones that are relevant for the future of work. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several countries have in place various labour market institutions that encourage early retirement, such as exceptional entitlements or looser criteria for unemployment and disability benefits applied to older individuals. This paper presents evidence that these two factors reinforce each other to push older workers out of employment. It is found that older workers who are more exposed to digital technologies are more likely to leave employment, and that this effect is significantly magnified when they are eligible to an extension of unemployment benefits until they start drawing old age pension. Furthermore, a simple simulation based on the empirical findings illustrates that a reform that tightens the eligibility for the benefit extension would increase mostly the employment of older workers that are more exposed to digital technologies Economics Finland Kyyrä, Tomi ctb Hwang, Hyunjeong ctb Tuomala, Juha ctb https://doi.org/10.1787/3ea0c49b-en Verlag kostenfrei Volltext |
| spellingShingle | Yashiro, Naomitsu Technology, labour market institutions and early retirement: evidence from Finland Economics Finland |
| title | Technology, labour market institutions and early retirement: evidence from Finland |
| title_auth | Technology, labour market institutions and early retirement: evidence from Finland |
| title_exact_search | Technology, labour market institutions and early retirement: evidence from Finland |
| title_exact_search_txtP | Technology, labour market institutions and early retirement: evidence from Finland |
| title_full | Technology, labour market institutions and early retirement: evidence from Finland Naomitsu Yashiro ... [et al] |
| title_fullStr | Technology, labour market institutions and early retirement: evidence from Finland Naomitsu Yashiro ... [et al] |
| title_full_unstemmed | Technology, labour market institutions and early retirement: evidence from Finland Naomitsu Yashiro ... [et al] |
| title_short | Technology, labour market institutions and early retirement: evidence from Finland |
| title_sort | technology labour market institutions and early retirement evidence from finland |
| topic | Economics Finland |
| topic_facet | Economics Finland |
| url | https://doi.org/10.1787/3ea0c49b-en |
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