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

Alain Jousten (), Mathieu Lefèbvre (), Sergio Perelman () and Pierre Pestieau

No 08/30, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: Unemployment; Belgium; Labor supply; Pensions (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-lab
Date: 2008-02-04
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