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

33 Pages Posted: 18 Feb 2008

See all articles by Alain Jousten

Alain Jousten

University of Liege; IZA Institute of Labor Economics; Netspar; International Monetary Fund (IMF)

Mathieu Lefebvre

University of Strasbourg

Sergio Perelman

University of Liege - Department of Economics

Pierre Pestieau

University of Liege - Research Center on Public and Population Economics; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)

Date Written: February 2008

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.

Keywords: Unemployment, Belgium, Labor supply, Pensions

Suggested Citation

Jousten, Alain and Lefebvre, Mathieu and Perelman, Sergio and Pestieau, Pierre, The Effects of Early Retirement on Youth Unemployment: The Case of Belgium (February 2008). IMF Working Paper No. 08/30, Available at SSRN: https://ssrn.com/abstract=1094212

Alain Jousten (Contact Author)

University of Liege ( email )

Place des Orateurs 3
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IZA Institute of Labor Economics

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International Monetary Fund (IMF)

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Mathieu Lefebvre

University of Strasbourg

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Sergio Perelman

University of Liege - Department of Economics ( email )

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Pierre Pestieau

University of Liege - Research Center on Public and Population Economics ( email )

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CESifo (Center for Economic Studies and Ifo Institute)

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Louvain la Neuve
Belgium

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