Working hours flexibility and older workers' labor supply
This paper studies the presence of hours constraints on the UK labor market and its effect on older workers labor supply. Using panel data for the period 1991-2004, the results from a competing risks model show that over-employed male workers can freely reduce working hours with their current employer before retiring completely. However, some over-employed women are observed to leave the labor market early due to hours constraints. This suggests that more flexibility in working hours can increase the labor market participation for some older workers as has often been suggested.
Oxford Economic Papers
Originally [Advance Access], Oct.2008; Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*