WorldCat Identities

Novo, Álvaro A.

Works: 3 works in 4 publications in 1 language and 18 library holdings
Publication Timeline
Most widely held works by Álvaro A Novo
Increasing the legal retirement age: the impact on wages, worker flows and firm performance by Pedro S Martins( )

2 editions published in 2009 in English and held by 16 WorldCat member libraries worldwide

Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the financial consequences of ageing. Although the success of these policies is ultimately determined at the labour market, little is known about the effects of higher LRAs at the firm level. Here, we identify this effect by considering a legislative reform introduced in Portugal in 1994: women's LRA was gradually increased from 62 to 65 years while men's LRA stayed unchanged at 65. Using detailed matched employer-employee panel data and difference-in-differences matching methods, we analyse the effects of the reform in terms of a number of worker- and firm-level outcomes. After providing evidence of compliance with the law, we find that the wages and hours worked of older women (those required to work longer) were virtually unchanged. However, firms employing older female workers significantly reduced their hirings, especially of younger female workers. Those firms also lowered their output although not their output per worker. -- Social security reform ; older workers ; matching estimators
Do low-wage workers react less to longer unemployment benefits? : quasi-experimental evidence by Mario Centeno( Book )

1 edition published in 2012 in English and held by 1 WorldCat member library worldwide

The fact that unemployed workers have different abilities to smooth consumption entails heterogeneous responses to extended unemployment benefits. Our empirical exercise explores a quasi-experimental setting generated by an increase in the benefits entitlement period. The results point towards a hump-shape response of unemployment duration over the one-year pre-unemployment wage distribution; individuals at the bottom and at the top of the wage distribution reacted less than those in the interquartile range. This behavior of job searchers is consistent with labor supply models with unemployment insurance and savings. It questions the optimality of very long entitlement periods to target the unemployment experiences of low-wage workers
The impact of unemployment insurance generosity on match quality distribution by Mário Centeno( Book )

1 edition published in 2006 in English and held by 1 WorldCat member library worldwide

Audience Level
Audience Level
  Kids General Special  
Audience level: 0.91 (from 0.85 for Do low-wag ... to 0.97 for The impact ...)

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