This paper investigates the impact of an exogenous increase in the legal retirement age on the firms’ propensity to provide welfare services voluntarily to their employees. To this purpose we exploit a unique dataset derived from the Employers and Employees Survey, conducted by the National Institute for Public Policies Analysis (Inapp) in 2015 on a large and representative sample of Italian firms.
This paper investigates the impact of an exogenous increase in the legal retirement age on the firms’
propensity to provide welfare services voluntarily to their employees. To this purpose we exploit a
unique information derived from the Rilevazione su Imprese e Lavoro (RIL), a survey conducted in
2015 on a large and representative sample of Italian firms. Applying different regression models we
show that firms which were forced to give up previously planned hirings because of the Law
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