Description

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.

Taxonomy

Economic policy , Pensions , Social policy

More publications in this series: Working Papers

More publications by: Alain Jousten ; Mathieu Lefèbvre ; Sergio Perelman ; Pierre Pestieau