Early-Retirement Programs and Wage Restraint: Empirical Evidence from France

David M. Gray

Working Papers from University of Ottawa, Department of Economics

Abstract: Labour-force withdrawal program are an important unemployment policy instrument for certain governments in continental Europe. Two widely used interventions are government subsidised early-retirement programs and reduced working-time regulations. Most economists, however, have cast doubts concerning their efficacy in combatting unemployment, in part because the reduced labour force renders wages more resilient. The basic objective of this paper is to examine that wage-resiliency proposition using the application of the early-retirement program in France over the period 1984-1986.

Keywords: RETIREMENT; WAGES; COLLECTIVE BARGAINING (search for similar items in EconPapers)
JEL-codes: J23 J26 J31 J51 (search for similar items in EconPapers)
Date: 1999

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Journal Article: Early retirement programs and wage restraint: Empirical evidence from France (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:ott:wpaper:9905e

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