We use cookies to provide you with the best possible website experience. This includes cookies that are necessary for the operation of the site, as well as cookies used for anonymous statistics, comfort settings, or displaying personalized content. You can decide which categories you want to allow. Please note that depending on your settings, some features of the website may not be available.

Cookie settings

These necessary cookies are required to enable the core functionality of the website. Opting out of these cookies is not possible.

cb-enable
This cookie stores the user's cookie consent status for the current domain. Expiry: 1 year.
laravel_session
Stores the session ID to recognize the user when the page reloads and to restore their login session. Expiry: 2 hours.
XSRF-TOKEN
Provides CSRF protection for forms. Expiry: 2 hours.
IZA Discussion Paper No. 15537
September 2022
How Do Age-Related Policy Reforms Promote Employment among Older Adults in Singapore?
Jessica Ya Sun, Emiko Usui

This study uses data from the Singapore Life Panel to investigate the effects of age-related policy reforms on older adult labor supply behaviors in Singapore. We first evaluate the impact of the Retirement and Re-employment Act (RRA) reform in 2017, which raised the maximum re-employment age from 65 to 67 years for those who were able to claim pension benefits at age 64. We find that the RRA reform reduced the probability of unemployment among people aged 66 years by 5.8 percentage points and increased the probability to continue working in the longest-held job during the lifetime by 11.4 percentage points. Second, we examine the impact of the pension-eligibility age reform of 2018, which raised the pension-eligibility age from 64 to 65 years for those who were protected by the mandatory labor protection and re-employment policy up to the age of 67 years. This rise in the pension-eligibility age increased the probability of full-time employment by 8.2 percentage points and reduced the probability of part-time employment by 5.7 percentage points among people aged 64 years. These two reforms promoted employment among older adults in different ways. Specifically, enhanced employment protection at age 66 increased the older adults' labor supply in the extensive margin, resulting in a welfare improvement for older adults since those who had been underemployed were less likely to be so after the reform. Still, their ineligibility to claim their pension at age 64 lowered their economic well-being because it increased their labor supply in the intensive margin to supplement the delay in pension benefits.

Kommunikation
Mark Fallak
mark.fallak@liser.lu
+352 585-855-526
World of Labour
Olga Nottmeyer
olga.nottmeyer@liser.lu
+352 585-855-501
Netzwerkkoordination
Christina Gathmann
christina.gathmann@liser.lu

Das IZA@LISER-Netzwerk ist eine weltweite Gemeinschaft für exzellente Forschung in der Arbeitsmarktökonomie und angrenzenden Fachgebieten. Nach dem Wechsel von Bonn wird das Netzwerk nun am Luxembourg Institute of Socio-Economic Research (LISER) koordiniert.

Über das IZA@LISER Network
Contact
IZA Network (Current Site Operator):

Luxembourg Institute of Socio-Economic Research (LISER)
11, Porte des Sciences
Maison des Sciences Humaines
L-4366 Esch-sur-Alzette / Belval, Luxembourg

IZA Institute (In Liquidation):

Forschungsinstitut zur Zukunft der Arbeit GmbH i. L.
Schaumburg-Lippe-Str. 5-9, 53113 Bonn. Germany
Phone: +49 228 3894-0 | Fax: +49 228 3894-510
E-Mail: info@iza.org | Web: www.iza.org
Represented by: Martin T. Clemens (Liquidator)