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Table 4 Causal labor market effects of OAPT-scheme: cumulative effects three to five years after programme entrance (SE in parenthesis)

From: Labor supply effects of a subsidized old-age part-time scheme in AustriaArbeitsangebotseffekte einer subventionierten Altersteilzeitregelung in Österreich

Cumulated effects over … years

Male

Female

Employment

3 years (in days)

61.1 (5.2)

51.3 (7.3)

4 years (in days)

15.1 (7.0)

23.3 (9.9)

5 years (in days)

−35.8 (8.1)

−17.3 (11.7)

Full-time employment a

3 years (in percentage points)

−31.5% (0.42%)

−27.4% (0.58%)

4 years (in percentage points)

−28.9% (0.42%).

−24.7% (0.59%)

5 years (in percentage points)

−26.2% (0.40%)

−22.6% (0.56%)

Unemployment

3 years (in days)

−26.4 (2.1)

−32.8 (2.9)

4 years (in days)

−32.5 (2.8)

−38.4 (3.7)

5 years (in days)

−37.5 (3.1)

−43.2 (4.5)

  1. aCalculated as (difference in days in full-time equivalents) over days in the sample period; we assume that OAPT participants reduce working time by 50 percent