The Effects of Early Retirement on Youth Unemployment: The Case of Belgium
February 1, 2008
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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.
Subject: Aging, Labor force participation, Labor markets, Retirement, Unemployment
Keywords: labor market, minimum wage, wage, WP
Pages:
31
Volume:
2008
DOI:
Issue:
030
Series:
Working Paper No. 2008/030
Stock No:
WPIEA2008030
ISBN:
9781451868920
ISSN:
1018-5941
