JOURNAL ARTICLE

Pension Reforms and Personnel Decisions.

  • Published In: LABOUR: Review of Labour Economics & Industrial Relations, 2025, v. 39, n. 2. P. 89 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Berg, Peter; Eckrote‐Nordland, Marissa; Hamman, Mary; Hochfellner, Daniela; Piszczek, Matthew M.; Ruhm, Christopher J. 3 of 3

Abstract

While the empirical literature on the effects of pension reform on workers is broad, less is known about the impact on employers. Yet reforms that create incentives to postpone retirement may affect employer labor demand and labor costs, especially in settings where there are strict legal protections against age discrimination in employment. We examine whether the differential impact of pension reform leads to differences in the incidence of workforce downsizing and hiring. When looking at hiring, we find that firms with larger shares of older workers decrease overall hiring. However, they have an increase in the shares of newly hired older workers. Results on downsizing are mixed, yet all are very small and statistically insignificant. This may be due to strong work protections in place in Germany. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:LABOUR: Review of Labour Economics & Industrial Relations. 2025/06, Vol. 39, Issue 2, p89
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2025
  • ISSN:1121-7081
  • DOI:10.1111/labr.12289
  • Accession Number:185000266
  • Copyright Statement:Copyright of LABOUR: Review of Labour Economics & Industrial Relations is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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