Stop Trying to Be Indispensable at Work
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Source: aawsat.com
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Workforce ageing, pension reforms, and firms' outcomes | VOX, CEPR Policy Portal
Yunus Aksoy, Henrique Basso, Tobias Grasl, Ron Smith The world is ageing rapidly. By 2030, 34 countries will have a share of 65+ year-olds higher than 20% of the total population. Against this background, in the last decades governments have tried to increase the labour force participation of older individuals, often by raising the statutory retirement age (Boulhol and Geppert 2018). A much discussed and studied potential side effect of these policies is that older workers may crowd out younger cohorts in the labour market (Boeri et al. 2016, Gruber and Wise 2010, Maestas et al. 2016). Much...
Source: voxeu.org