“Retirement Rigidities and the Gap between Effective and Desired Labour Supply by Older Workers”

by Elsa Fornero, Mariacristina Rossi, Serena Trucchi; WP 174/17

Our paper analyses the observed and desired labour supply of older workers and (recent) retirees in a country (Italy) with limited opportunities for flexible work schedules. For this purpose, we use a unique dataset drawn from the Bank of Italy’s Survey on Household Income and Wealth (SHIW) providing information on both desired and actual working hours.
Our empirical analysis documents the gap between older individuals’ desired and observed labour supply at both the extensive and the intensive margins and traces it back to gender, education and family composition.

published: October 2017