Labour Market and Retirement Interactions ─ A New Perspective on Employment for Older Workers

This volumes examines the interaction of labour market conditions and retirement decisions. Based on French and US data, it provides empirical evidence and quantitative analysis of retirement and labor market flows. It studies the horizon effect and uses French individual data and probit models to show that the horizon effect does matter for the probability of being employed before the early retirement age. It analyses the influence of the retirement age on labour-market equilibrium, as well as the impact of labour market conditions, especially the importance of unemployment risk, on retirement decisions.

Jean-Olivier Hairault, Professor, Paris School of Economics and University of Paris 1, and Fellow, IZA, Bonn,Francois Langot, Director, Economic Research Department, University of Le Mans (GAINS-TEPP) and Associated Director, Institute of Risk and Insurance, University of Le Mans

Jean-Olivier Hairault is Professor at the Paris School of Economics and at Paris 1 University, and is a fellow of IZA (Bonn). His main area of research is the analysis of retirement decisions, job search and matching theory, and business cycles. He has published papers in journals such as Journal of Labor Economics, International Economic Review, Journal of Public Economics, Economic Journal, Journal of European Economic Association, Journal of Money Credit and Banking, Review of Economic Dynamics, and European Economic Review.


Francois Langot is Director of the Economic Research Department at Le Mans University (GAINS-TEPP) and Associated Director of the Institute of Risk and Insurance at Le Mans. He is also Associate Professor at the Paris School of Economics and a research fellow at CES (Paris 1 University) and at IZA (Bonn).