TY  - RPRT
        AU  - Morris, Todd
AU  - Dostie, Benoit
        TI  - Graying and Staying on the Job: The Welfare Implications of Employment Protection for Older Workers
        PY  - 2023/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16430
        UR  - https://www.iza.org/index.php/publications/dp16430
        AB  - We study the welfare implications of employment protection for older workers, exploiting recent bans on mandatory retirement across Canadian provinces. Using linked employer- employee tax data, we show that the bans cause large and similar reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary substantially across industries and firms, and around two-fifths of the adjustments occur between ban announcement and implementation dates. We find no evidence that the demand for older workers falls, but the welfare effects are mediated by spillovers on savings behavior, workplace injuries, and spousal retirement timing.

        KW  - employment protection
KW  - retirement
KW  - welfare
KW  - active and passive savings responses
KW  - health effects
KW  - spousal spillovers
        ER  -