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

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Author Info
Alain Jousten
Mathieu Lefebvre
Sergio Perelman
Pierre Pestieau

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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.

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Publisher Info
Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/30.

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Length: 31 pages
Date of creation: 04 Feb 2008
Date of revision:
Handle: RePEc:imf:imfwpa:08/30

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Related research
Keywords: Unemployment Belgium Labor supply Pensions

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. SAINT-PAUL, Gilles, 2004. "Why are European Countries Diverging in their Unemployment Experience?," IDEI Working Papers 269, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]
    Other versions:
  2. Michele Boldrin & Juan J. Dolado & Juan F. Jimeno & Franco Peracchi, 1999. "The future of pensions in Europe," Economic Policy, CEPR, CES, MSH, vol. 14(29), pages 287-320, October. [Downloadable!] (restricted)
  3. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages C1-33, March. [Downloadable!] (restricted)
    Other versions:
  4. Sveinbjörn Blöndal & Stefano Scarpetta, 1999. "The Retirement Decision in OECD Countries," OECD Economics Department Working Papers 202, OECD Economics Department. [Downloadable!]
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This page was last updated on 2008-7-18.

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