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The Effects of Early Retirement on Youth Unemployment: The Case of Belgium
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Author/Editor: |
Jousten, Alain | Lefebvre, Mathieu | Perelman, Sergio | Pestieau, Pierre |
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February 1, 2008 |
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Electronic Access: |
Free Full Text (PDF file size is 564KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: In this paper, we describe the changes of (early) retirement programs over time and study the link between trends in elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument that the idea of a lump-of-labor should hold. Our empirical results comfort this finding, and indicate a very weak link, if any, between elderly retirement and activity among the young and the prime-age populations.
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Series: |
Working Paper No. 08/30 |
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Subject(s): |
Working Paper | Belgium |
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Author's keyword(s): |
pensions
| security
| early retirement
| unemployment
| labor force participation
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Published: |
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February 1, 2008 |
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Format: |
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Paper |
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Stock No: |
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WPIEA2008030 |
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Pages: |
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31 |
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Price: |
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US$18.00
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