Oferta de Trabalho e Salário do Idoso no Brasil

Abstract

The objective of this article is to investigate the impact of retirementon the wages of older men over 65 years of age in Brazil using data fromthe 2010 Demographic Census. A joint decision model of labor supplyand retirement was estimated to control the selection bias in the wagesthat are used to calculate the income differential between retirees or not.The main result indicates that the retirement reduces the wages of olderpeople, especially the less educated who are less likely to getinto better occupations. Thus, the permanence of the retired in the labor market maybe motivated to supplement the income and the postponement ofretire-ment could improve the situation of the older men in the labor market.