The Effects of Early Retirement on Youth Unemployment: The Case of Belgium

Author/Editor: Jousten, Alain ; Lefèbvre, Mathieu ; Perelman, Sergio ; Pestieau, Pierre
Publication Date: February 01, 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.
Series: Working Paper No. 08/30
Subject(s): Unemployment | Belgium | Labor supply | Pensions

Author's Keyword(s): pensions | security | early retirement | unemployment | labor force participation
Publication Date: February 01, 2008
Format: Paper
Stock No: WPIEA2008030 Pages: 31
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