The effects of early retirement on youth unemployment. The case of Belgium

• DOI: 10.7208/9780226309507-003
• Publication Date: 2010-02-26
• Authors: Alain Jousten; M. H. Lefebvre; Sergio Perelman; Pierre Pestieau
• Keywords: Argument (complex analysis); Youth Unemployment

In this paper, we describe the changes of (early) retirement programs over time and study link between trends in elderly labor force participation youth unemployment. From a theoretical point view, there is no convincing argument that idea lump-of-labor should hold. Our empirical results comfort finding, indicate very weak link, if any, activity among young prime-age populations.