TY  - RPRT
        AU  - Manoli, Dayanand
AU  - Weber, Andrea
        TI  - Intertemporal Substitution in Labor Force Participation: Evidence from Policy Discontinuities
        PY  - 2010/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5248
        UR  - https://www.iza.org/index.php/publications/dp5248
        AB  - This paper presents new empirical evidence on intertemporal labor supply elasticities. We use administrative data on the census of private sector employees in Austria and variation from mandated discontinuous changes in retirement benefits from the Austrian pension system. We first present graphical evidence documenting delays in retirement in response to the policy discontinuities. Next, based on the empirical evidence, we develop a model of career length decisions. Using an estimator that exploits the graphical evidence, we estimate an intertemporal labor supply elasticity of 0.30; this relatively low estimate reflects that the disutility of labor supply rises relatively quickly with additional years of work.
        KW  - life-cycle labor supply
KW  - retirement decisions
KW  - intertemporal labor supply elasticity
KW  - policy discontinuities
        ER  -