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

Pierre Pestieau, Mathieu Lefebvre, Alain Jousten and Sergio Perelman

No 2008/030, 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: WP; wage; labor market; minimum wage (search for similar items in EconPapers)
Pages: 31
Date: 2008-02-01
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Citations: View citations in EconPapers (9)

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Related works:
Chapter: The Effects of Early Retirement on Youth Unemployment: The Case of Belgium (2010)
Working Paper: The effects of early retirement on youth unemployment: the case of Belgium (2010)
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