Career Spillovers in Internal Labor Markets

Abstract

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Health and labor market effects of an unanticipated rise in retirement age. Evidence from the 2012 Italian pension reform

“… e Only women who were 66 years 7 months by 2017 (i.e., born before May 1952) could retire, and all women born in 1952 if they had at least 20 years of contribution by 2012 (Bianchi et al., 2021, Appendix ). …”

“…In this way, we provide insights on the effect of both drastic and more gradual increases of pension age on health, while discarding any anticipation effects. Fourth, while the 2011 Italian reform has been previously studied vis‐à‐vis some labor market outcomes such as sick leave (Brunello et al., 2023; Moscarola et al., 2016), old‐young worker substitution (Bertoni & Brunello, 2021; Carta et al., 2021) and spillovers on co‐workers (Bianchi et al., 2021; Carta & De Philippis, 2021), this is the first study to look at the health, employment and program substitution effects of the Italian reform on the workers directly affected by the reform, investigating a rich set of previously unexplored outcomes.…”

Pension Reforms, Longer Working Horizons and Absence from Work

“…Mas and Pallais, 2017, for instance, show that females value schedule regularity and flexibility more than males. Bolotnyy and Emanuel, 2022, using administrative data on bus and train operators, argue that the gender gap in earnings can be explained by the fact that females are both less likely than males to accept working longer hours and more likely to take unpaid time 4 A related literature examines the spillover effects on younger workers of pension reforms affecting older workers (Bianchi et al, 2020;Boeri et al, 2021;Bertoni et al, 2021).…”

Personnel Practices and Regulation: How Firm-Provided Incentives Respond to Changes in Mandatory Retirement Law

“…Bianchi et al (2018) consider how unexpected changes in pension eligibility in Italy affect wages and promotions of younger employees, finding evidence that the effect varies based on whether the firm is growing or contracting.…”