Does the growth process discriminate against older workers?

Langot, François; Moreno‐Galbis, Eva

doi:10.1016/j.jmacro.2013.09.021

Cited by 8 publications

(6 citation statements)

References 36 publications

(49 reference statements)

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“…These effects seem more pronounced with older women. However, Langot and Moreno-Galbis (2008) find that EPL negatively affects employment rates of younger workers across OECD countries, but for older workers the effect seems to be the inverse. Thus, as in the literature on the role of labor regulations in hindering overall employment, the emerging evidence on the effect of EPL on employment of older workers is mixed.…”

Section: Labor Regulations and Institutions That Enable Longer Workinmentioning

confidence: 72%

The Inverting Pyramid: Pension Systems Facing Demographic Challenges in Europe and Central Asia

Schwarz¹,

Arias²,

Zviniene³

et al. 2014

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Some rights reserved 1 2 3 4 17 16 15 14 This work is a product of the staff of The World Bank with external contributions. Note that The World Bank does not necessarily own each component of the content included in the work. The World Bank therefore does not warrant that the use of the content contained in the work will not infringe on the rights of third parties. The risk of claims resulting from such infringement rests solely with you. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Section: Labor Regulations and Institutions That Enable Longer Workinmentioning

confidence: 72%

The Inverting Pyramid: Pension Systems Facing Demographic Challenges in Europe and Central Asia

Schwarz¹,

Arias²,

Zviniene³

et al. 2014

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“…Using the 2000 French Complementary Survey on Training, Langot and Moreno-Galbis (2013) show that 34% of managers and 21% of technicians between 56 and 60 years old still receive firm-sponsored training in case of technological change. However, these figures may be subject to some selection bias.…”

Section: Descriptive Statisticsmentioning

confidence: 99%

“…Ljunqvist and Sargent (2008), Cheron et al (2013) and Saint-Paul (2009) support the view that it is not in the interest of firms to invest in workers having a short working horizon. Langot and Moreno-Galbis (2013) find that for homogeneous productivity workers, only positions occupied by young workers are updated. In contrast, when considering heterogeneous productivity workers, it might be in the interest of the firm to update positions occupied by high productivity workers in spite of being old.…”

Section: Introductionmentioning

confidence: 96%

Retirement intentions in the presence of technological change: theory and evidence from France

2014

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This paper investigates the role of productivity as a determinant of the worker's retirement intentions. Using an overlapping generation framework, we analyze the retirement decision of a cohort of workers being ability heterogeneous. The labor market is endogenously segmented between workers having the required ability level to occupy jobs where the productivity is indexed to the technological state via on-the-job training (complex jobs) and the rest of workers, who are employed in positions where productivity is relatively deteriorated in case of technological change due to the absence of on-the-job training (simple jobs). In case of technological change, workers in complex jobs delay their retirement date, whereas workers in simple positions will not modify their retirement decision unless taxes change. Using data from France, we find that after a technological change, older workers who benefit from a skill upgrading training program have a higher intended retirement age. JEL: J14; J22; J24; J26

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“…Also using a panel of OCDE countries, Langot and Moreno-Galbis (2008) estimate the impact of growth on the employment rate of both young and older workers. They find that the capitalization effect dominates the creative destruction effect in the case of younger workers, whereas in the case of older workers, the creative destruction effect is dominant.…”

Section: Introductionmentioning

confidence: 99%

“…An alternative approach proposed in our paper involves introducing human capital issues in the style of Ljunqvist and Sargent (2008) 3 . The skill-biased nature of recent technological progress is neglected in Pissarides and Vallanti (2007) or Langot and Moreno-Galbis (2008) since they do not consider human capital issues. The potential productivity gains linked to technological progress are underestimated since they consider skill-homogeneous workers and the complementary relation between human capital acquired through training and technological change is ignored.…”

Section: Introductionmentioning

confidence: 99%

The impact of TFP growth on the unemployment rate: Does on-the-job training matter?

Galbis

2012

European Economic Review

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This paper seeks to gain insights into the relationship between growth and unemployment in a setting with heterogeneous skills, human capital accumulation, on-the-job training and capital-skill complementarity. We use an endogenous job destruction framework in the style of Mortensen and Pissarides (1998) with directed search. We show that, when growth accelerates, a larger share of unskilled workers seeks training, increasing firms' incentives to update job-specific technology (rather than destroying it). By magnifying the impact of growth on employment, the introduction of human capital issues allows the model to more closely match the estimated sensitivity of unemployment with respect to growth. When calibrated, the model manages to reproduce the aggregate capitalization effect estimated using OECD data. We find that growth reduces unemployment for individuals receiving training, while it increases the unemployment rate of unskilled workers without training (creative destruction effect).

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Does the growth process discriminate against older workers?

Cited by 8 publications

References 36 publications

The Inverting Pyramid: Pension Systems Facing Demographic Challenges in Europe and Central Asia

The Inverting Pyramid: Pension Systems Facing Demographic Challenges in Europe and Central Asia

Retirement intentions in the presence of technological change: theory and evidence from France

The impact of TFP growth on the unemployment rate: Does on-the-job training matter?

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