Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245400 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9219
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper analyses how demographic changes of the labour force affect labour demand. Do firms adjust their hiring behaviour to an ageing society? Combining data at the firm level and the administrative district level, we analyse the hiring behaviour of firms. Our findings suggest that firms with an ageing workforce hire relatively more older workers. Since the willingness to hire older workers also increases with the share of older unemployed, the propensity to employ older people does generally rise with an ageing labour force. Also, part-time employment induces firms to engage more older workers but this effect disappears for large firms. In contrast, partial retirement regulations have a negative effect on hiring older workers which reveals unintended incentives of the German law on this matter. Finally, firms with a higher share of educated personnel demand more older workers.
Subjects: 
ageing labour force
hiring of older workers
panel data models
JEL: 
J11
J23
C33
Document Type: 
Working Paper
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