Early retirement programs and wage restraint: Empirical evidence from FranceIndustrial and Labor Relations Review, 2002, vol. 55, issue 3, pages 512-532 Abstract: Labor-force withdrawal programs such as government-subsidized early retirement programs are an important unemployment policy instrument in some European countries. Most economists, however, have expressed doubts concerning these programs' efficacy in combating unemployment, in part because they cause a reduction in effective labor supply, which in turn places undue upward pressure on the wage level. This paper analyzes the wage pressure effects of the early retirement program in France in 1984-86. In contrast to most existing studies of such programs, which have analyzed aggregate labor markets based on the country as the unit of observation, the empirical analysis in this paper employs a partial equilibrium framework and uses less aggregated, sectoral data. The findings suggest, consistent with results from most of the aggregate labor market studies, that the early retirement program had a slight positive impact on wage pressure. (Author's abstract.) Date: 2002 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: http://EconPapers.repec.org/RePEc:ilr:articl:v:55:y:2002:i:3:p:512-532 Ordering information: This journal article can be ordered from Access Statistics for this article Industrial and Labor Relations Review is edited by Tove Hammer More articles in Industrial and Labor Relations Review from ILR Review, ILR School, Cornell University |
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