Job Market Paper
Working Less, Working Longer: Behavioral Responses to the Increased Pensionable Age
with Saisawat Samutpradit (University of Osaka)Abstract [Latest draft]
Update soon!
Work in Progress
Old-age Pension Earnings Test and Labor Supply of Elderly Men: Evidence from Residential Tax Records in Japan
with Ayako Kondo (University of Tokyo), Saisawat Samutpradit (University of Osaka)Abstract [Draft upon request]
Update soon!
Labor Market Outcomes of Older Workers across the Business Cycle
with Hyejin Ku (University College London)Abstract [Draft upon request]
Using a mandatory retirement policy in China, which requires female workers to leave their current job at age 50, and the provincial unemployment rate at the time of retirement, we examine the labor market outcomes of young retirees over the business cycle. We find that the costs of retiring in a weak labor market are substantial. Women who reach the statutory retirement age during periods of above-median unemployment are 8 percentage points (or about 13 percent) less likely to work between the ages of 50 and 58. Women with higher net family assets are relatively more sensitive to high unemployment at the statutory retirement age. Although consumption does not fall significantly, affected women’s households reduce spending on other items such as transfers.