The Effects of Early Retirement on Youth Unemployment: The Case of Belgium
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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. 2008/030
Subject:
Aging Labor force participation Labor markets Retirement Unemployment
English
Publication Date:
February 1, 2008
ISBN/ISSN:
9781451868920/1018-5941
Stock No:
WPIEA2008030
Pages:
31
Please address any questions about this title to publications@imf.org