| Description |
1 online resource (31 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/08/30 |
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IMF working paper ; WP/08/30.
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| Contents |
I. Introduction; II. Institutional Background; A. The Policy Framework Regarding the Withdrawal from the Labor Force; B. Specific Unemployment Policies Targeted Towards the Young; Figures; 1. Early Retirement (Men); 2. Early Retirement (Women); III. Lump of Labor Fallacy and Youth Unemployment in Belgium; 3. Youth 15-24 Unemployment Rates in OECD Countries; 4. Youth Unemployment by Education Level and Gender; IV. The Data; A. Labor Force Data; 5. Trends in Unemployment and Employment of the Young and Prime Aged Workers Compared to the Labor Force Participation of the Old (Men) |
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B. The Inducement to Retire6. Trends in Unemployment and Employment of the Young and Prime Aged Workers Compared to the Labor Force Participation of the Old (Women); 7. Historical Trends in Unemployment, Employment, and Labor Force Participation; 8. SSW by Cohort and Year (Men); Tables; 1. Estimating the Parameters of I; 9. Aggregate Inducement to Retire by Sex : W (left) and I (right); 10. Unemployment and Employment Rate with Incentive (Men); V. Regression Analysis; 11. Unemployment and Employment Rate with Incentive (Women); 2. Direct Effect of Elderly Labor Outcomes on the Young |
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3. Direct Effect of Elderly Labor Outcomes on the Young in Levels: Lag Effect4. Direct Effect of the Inducement to Retire : In Level; 5. Direct Effect of the Inducement to Retire: In Differences; 6. Direct Effect of the Inducement to Retire: In Differences (2-years); VI. Alternative Specification for the Demographic Variables; 7. Direct Effect of the Inducement to Retire : In Level with W =0 before Eligibility; 8. Direct Effect of Elderly Labor Outcomes on the Young; VII. Conclusions; 9. Direct Effect of the Inducement to Retire: In Level; References |
| Summary |
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 |
| Bibliography |
Includes bibliographical references (pages 30-31) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Retirees -- Employment -- Belgium -- Econometric models
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Youth -- Employment -- Belgium -- Econometric models
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Retirement age -- Belgium -- Econometric models
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Pensions -- Belgium -- Econometric models
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Labor supply -- Belgium -- Econometric models
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Labor supply -- Econometric models
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Pensions -- Econometric models
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Retirement age -- Econometric models
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Youth -- Employment -- Econometric models
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Belgium
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| Form |
Electronic book
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| Author |
Jousten, Alain, author.
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International Monetary Fund. Fiscal Affairs Department.
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| ISBN |
128351219X |
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9781283512190 |
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1451913451 |
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9781451913453 |
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9781451868920 |
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1451868928 |
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