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Structural Changes in the Labor Market and the Rise of Early Retirement in France and Germany

Author

Listed:
  • Batyra Anna

    (Sabanci University,Istanbul, Turkey)

  • Pierrard Olivier

    (Banque centrale du Luxembourg,Luxembourg, Luxembourg)

  • Croix David de la

    (Université catholique de Louvain, Ottignies-Louvain-la-Neuve, Belgium)

  • Sneessens Henri R.

    (Université catholique de Louvain, Ottignies-Louvain-la-Neuve, Belgium)

Abstract

The rise of early retirement in Europe is typically attributed to the European system of taxes and transfers. A model with an imperfectly competitive labor market allows us to consider also the effects of bargaining power and of matching efficiency on pre-retirement. We find that lower bargaining power of workers and declining matching efficiency have been important determinants of early retirement in France and Germany. These structural changes, combined with early retirement transfers and population aging, are also consistent with the employment and unemployment rates, labor share and seniority premia.

Suggested Citation

  • Batyra Anna & Pierrard Olivier & Croix David de la & Sneessens Henri R., 2019. "Structural Changes in the Labor Market and the Rise of Early Retirement in France and Germany," German Economic Review, De Gruyter, vol. 20(4), pages 38-69, December.
    • Handle: RePEc:bpj:germec:v:20:y:2019:i:4:p:e38-e69
    DOI: 10.1111/geer.12150
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    Cited by:

    1. Luke Haywood & Markus Janser & Nicolas Koch, 2024. "The Welfare Costs of Job Loss and Decarbonization: Evidence from Germany’s Coal Phaseout," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 11(3), pages 577-611.

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