This paper explores how extended unemployment insurance (UI) benefits targeted to older workers affect early retirement …

We study whether employment prospects of old and young workers differ after a plant closure. Using Austrian … administrative data, we show that old and young workers face similar displacement costs in terms of employment in the long-run, but … employment losses of old versus young workers after a displacement are mainly explained by different opportunities of transition …

employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …-displaced workers. We then use a difference-in-difference strategy to analyze employment and earnings of older relative to prime … lower re-employment probabilities as compared to prime-age workers but later they catch up. While among the young the …