The effects of early retirement on youth unemployment: the case of Belgium
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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|Date of creation:|
|Note:||In : J. Gruber and D.A. Wise (eds.), Social Security Programs and Retirement Around the World. The Relationship to Youth Employment. Chicago and London, The University of Chicago Press, 47-76, 2010|
|Contact details of provider:|| Postal: Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium)|
Fax: +32 10474304
Web page: http://www.uclouvain.be/core
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in: Social Security Programs and Retirement around the World: Micro-Estimation, pages 41-98
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National Bureau of Economic Research, Inc.
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- Sveinbjörn Blöndal & Stefano Scarpetta, 1999. "The Retirement Decision in OECD Countries," OECD Economics Department Working Papers 202, OECD Publishing.
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