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Reemployment rates over the life course: Is there still hope after late career job loss?

Author

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  • Frosch, Katharina
Abstract
The labor market situation for elderly job searchers is more difficult than for their younger counterparts. To identify patterns in the reemployment of the elderly, we analyze the employment histories of about 113.000 male job searchers in West-Germany. The analysis is based on a hazard rate model with piecewise constant intensities. We focus on age-specific reemployment rates. Individual characteristics, labor market indicators as well as the influence of the previous employment history on reemployment are accounted for. As expected, reemployment rates decline with age. Between 1975 and 1995, the negative impact of age on reemployment chances increases significantly. The obsolescence of human capital seems to play a decisive role for reemployment, especially for engineering occupations: From age 50 on, the negative age effect is significantly stronger than for other occupations.

Suggested Citation

  • Frosch, Katharina, 2006. "Reemployment rates over the life course: Is there still hope after late career job loss?," Thuenen-Series of Applied Economic Theory 64, University of Rostock, Institute of Economics.
    • Handle: RePEc:zbw:roswps:64
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    References listed on IDEAS

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    Cited by:

    1. Bruder, Jana & Frosch, Katharina, 2006. "Foreign nationality and age: A double drawback for reemployment in Germany?," Thuenen-Series of Applied Economic Theory 63, University of Rostock, Institute of Economics.
    2. Michael Kind, 2015. "A Level Playing Field: An Optimal Weighting Scheme of Dismissal Protection Characteristics," LABOUR, CEIS, vol. 29(1), pages 79-99, March.
    3. Michael Kind, 2013. "A Level Playing Field – An Optimal Weighting Scheme of Dismissal Protection Characteristics," Ruhr Economic Papers 0442, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    4. repec:zbw:rwirep:0442 is not listed on IDEAS

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    More about this item

    Keywords

    late career job loss; reemployment; hazard rate models; elderly engineers;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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