Example:
select ename from emp where hiredate = todate('01/05/81','dd/mm/yy')
and
select ename from emp where hiredate = todate('01/05/81','dd/mm/rr')
return different results
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http://oracle.ittoolbox.com/groups/technical-functional/oracle-dev-l/difference-between-yyyy-and-rrrr-format-519525
Essentially, your first example will assume that 81 is 2081 whereas the RR one assumes 1981. So the first example should not return any rows as you most likely did not hire any guys after May 1 2081 yet 🙂