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Note on the Myth that Older Workers Delaying Retirement Creates Unemployment for the Young

Author

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  • Börsch-Supan, Axel
  • Murray, Alan

    (Munich Center for the Economics of Aging (MEA))

Abstract

A common concern when raising the retirement age is that the delayed retirement of older workers will crowd out younger workers from the labour market causing an increase in youth unemployment. This note shows that there is little empirical evidence to support this concern. Rather, the opposite is more likely to be true and older workers delaying their retirement may actually improve the employment opportunities for the young.

Suggested Citation

  • Börsch-Supan, Axel & Murray, Alan, 2014. "Note on the Myth that Older Workers Delaying Retirement Creates Unemployment for the Young," MEA discussion paper series 201424, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    • Handle: RePEc:mea:meawpa:201424
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    References listed on IDEAS

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    1. Jonathan Gruber & David A. Wise, 2010. "Social Security Programs and Retirement around the World: The Relationship to Youth Employment," NBER Books, National Bureau of Economic Research, Inc, number grub08-1, March.
    2. Axel Börsch-Supan & Reinhold Schnabel, 2010. "Early Retirement and Employment of the Young in Germany," NBER Chapters, in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 147-166, National Bureau of Economic Research, Inc.
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