engleski

The employment prospects of the ageing population: Evidence from Slovenia

This paper contributes to the ongoing debates about direct and indirect implications of the rigid labour market legislation on employment probabilities of older workers. It studies the magnitude of flows between different labour market statuses (unemployment to employment, inactivity to employment) and flows within the group of employed jobseekers, linking them to the development of labour market institutions in Slovenia. The paper presents a model of adverse selection, in which hiring and firing costs (as the implicit value of a rigid labour market legislation) reduce the hiring of both unemployed and employed job-seekers, but where the hiring of the former is more sensitive to increases in turnover costs than that of the latter. The model provides a theoretical foundation for testing whether an implicit discrimination against the particular population cohort exists.

rigid labour market legislation, older workers, labour market institutions, Slovenia, model of adverse selection

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