IDEAS home Printed from https://ideas.repec.org/a/iza/izawol/journly2014n70.html
   My bibliography  Save this article

The effect of early retirement schemes on youth employment

Author

Listed:
  • René Böheim

    (Johannes Kepler University Linz, Austria, and IZA, Germany)

Abstract

The fiscal sustainability of state pensions is a central concern of policymakers in nearly every advanced economy. Policymakers have attempted to ensure the sustainability of these programs in recent decades by raising retirement ages. However, there are concerns that keeping older workers in the workforce for longer might have negative consequences for younger workers. Since youth unemployment is a pressing problem throughout advanced and developing countries, it is important to consider the impact of these policies on the employment prospects of the young.

Suggested Citation

  • René Böheim, 2014. "The effect of early retirement schemes on youth employment," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-70, June.
    • Handle: RePEc:iza:izawol:journl:y:2014:n:70
    as

    Download full text from publisher

    File URL: http://wol.iza.org/articles/effect-of-early-retirement-schemes-on-youth-employment-1.pdf
    Download Restriction: no
    File URL: http://wol.iza.org/articles/effect-of-early-retirement-schemes-on-youth-employment
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Jonathan Gruber & David A. Wise, 2010. "Social Security Programs and Retirement around the World: The Relationship to Youth Employment," NBER Books, National Bureau of Economic Research, Inc, number grub08-1.
    2. Zhang, Chuanchuan, 2012. "The relationship between elderly employment and youth employment: evidence from China," MPRA Paper 37221, University Library of Munich, Germany.
    3. André Sapir, 2006. "Globalization and the Reform of European Social Models," Journal of Common Market Studies, Wiley Blackwell, vol. 44(2), pages 369-390, June.
    4. Fitzenberger, Bernd & Kohn, Karsten, 2006. "Skill Wage Premia, Employment, and Cohort Effects: Are Workers in Germany All of the Same Type?," IZA Discussion Papers 2185, Institute of Labor Economics (IZA).
    5. Ayako Kondo, 2016. "Effects of increased elderly employment on other workers’ employment and elderly’s earnings in Japan," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-23, December.
    6. Tito Boeri & Katherine Terrell, 2002. "Institutional Determinants of Labor Reallocation in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 51-76, Winter.
    7. Schnalzenberger, Mario & Winter-Ebmer, Rudolf, 2009. "Layoff tax and employment of the elderly," Labour Economics, Elsevier, vol. 16(6), pages 618-624, December.
    8. Garibaldi, Pietro & Boeri, Tito & Moen, Espen R., 2016. "A clash of generations? Increase in Retirement Age and Labor Demand for Youth," CEPR Discussion Papers 11422, C.E.P.R. Discussion Papers.
    9. repec:ulb:ulbeco:2013/8112 is not listed on IDEAS
    10. Stefano Scarpetta & Anne Sonnet & Thomas Manfredi, 2010. "Rising Youth Unemployment During The Crisis: How to Prevent Negative Long-term Consequences on a Generation?," OECD Social, Employment and Migration Working Papers 106, OECD Publishing.
    11. Avner Ahituv & Joseph Zeira, 2011. "Technical Progress and Early Retirement," Economic Journal, Royal Economic Society, vol. 121(551), pages 171-193, March.
    12. Adriaan Kalwij & Arie Kapteyn & Klaas Vos, 2010. "Retirement of Older Workers and Employment of the Young," De Economist, Springer, vol. 158(4), pages 341-359, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ayako Kondo, 2016. "Effects of increased elderly employment on other workers’ employment and elderly’s earnings in Japan," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-23, December.
    2. Wijayanti, F., 2018. "Younger vs. older workers in ASEAN countries: substitutes or complements?," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 4(4), pages 151-157.
    3. Miguel Lorca, 2021. "Effects of COVID‐19 early release of pension funds: The case of Chile," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(4), pages 903-936, December.
    4. Nguyen, Cuong, 2019. "Simulation of the Costs and Benefits of Delayed Retirement: Evidence from Vietnam," MPRA Paper 106180, University Library of Munich, Germany.
    5. Рубинштейн Александр Яковлевич, "undated". "Рациональность & Иррациональность: Эволюция Смыслов [Rationality & Irrationality: Evolution of the Senses]," Working papers a:pru175:ye:2017:1, Institute of Economics.
    6. Lyashok, V. & Roshchin, S., 2017. "Young and Older Workers in the Russian Labor Market: Are They Competitors?," Journal of the New Economic Association, New Economic Association, vol. 33(1), pages 117-140.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bertoni, Marco & Brunello, Giorgio, 2017. "Does Delayed Retirement Affect Youth Employment? Evidence from Italian Local Labour Markets," IZA Discussion Papers 10733, Institute of Labor Economics (IZA).
    2. Рубинштейн Александр Яковлевич, "undated". "Рациональность & Иррациональность: Эволюция Смыслов [Rationality & Irrationality: Evolution of the Senses]," Working papers a:pru175:ye:2017:1, Institute of Economics.
    3. Nguyen, Cuong, 2019. "Simulation of the Costs and Benefits of Delayed Retirement: Evidence from Vietnam," MPRA Paper 106180, University Library of Munich, Germany.
    4. Lyashok, V. & Roshchin, S., 2017. "Young and Older Workers in the Russian Labor Market: Are They Competitors?," Journal of the New Economic Association, New Economic Association, vol. 33(1), pages 117-140.
    5. Tito Boeri & Jan van Ours, 2013. "The Economics of Imperfect Labor Markets: Second Edition," Economics Books, Princeton University Press, edition 1, number 10142.
    6. Rutten, Albert & van Vuuren, Daniël & Knoef, Marike, 2022. "Employment Effects of Incentivized Gradual Retirement Plans," Other publications TiSEM 37eba9e7-b6ff-4f31-9c42-3, Tilburg University, School of Economics and Management.
    7. Hendrik Dalen & Kène Henkens, 2013. "Dilemmas of Downsizing During the Great Recession: Crisis Strategies of European Employers," De Economist, Springer, vol. 161(3), pages 307-329, September.
    8. Christl, Michael & Kucsera, Dénes & Lorenz, Hanno, 2015. "Jung, älter, arbeitslos? Wie Ältere länger in Beschäftigung gehalten werden können, ohne die Jungen in die Arbeitslosigkeit zu treiben," EconStor Research Reports 119605, ZBW - Leibniz Information Centre for Economics.
    9. repec:hal:wpaper:hal-00930936 is not listed on IDEAS
    10. Zhen Hu & James Yang, 2021. "Does Delayed Retirement Crowd Out Workforce Welfare? Evidence in China," SAGE Open, , vol. 11(4), pages 21582440211, November.
    11. Zimmermann, Klaus F. & Biavaschi, Costanza & Eichhorst, Werner & Giulietti, Corrado & Kendzia, Michael J. & Muravyev, Alexander & Pieters, Janneke & Rodríguez-Planas, Núria & Schmidl, Ricarda, 2013. "Youth Unemployment and Vocational Training," Foundations and Trends(R) in Microeconomics, now publishers, vol. 9(1–2), pages 1-157, December.
    12. Allen, Steven G., 2023. "Demand for older workers: What do we know? What do we need to learn?," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).
    13. Tito Boeri & Pietro Garibaldi & Espen R. Moen, 2022. "In medio stat victus: Labor Demand Effects of an Increase in the Retirement Age," Journal of Population Economics, Springer;European Society for Population Economics, vol. 35(2), pages 519-556, April.
    14. Vincenzo Galasso, 2012. "The Political Feasibility of Postponing Retirement," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(4), pages 27-31, December.
    15. Ayako Kondo, 2016. "Effects of increased elderly employment on other workers’ employment and elderly’s earnings in Japan," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-23, December.
    16. Nathalie Mathieu-Bolh & Xavier Pautrel, 2014. "Environmental taxation, health and the life-cycle," Working Papers hal-00990256, HAL.
    17. Mathieu-Bolh, Nathalie & Pautrel, Xavier, 2016. "Reassessing the effects of environmental taxation when pollution affects health over the life-cycle," Economic Modelling, Elsevier, vol. 52(PB), pages 310-321.
    18. Gauthier Lanot & Panos Sousounis, 2017. "The National Minimum Wage and the Substitutability Between Young and Old Workers in Low Paid Occupations," Manchester School, University of Manchester, vol. 85(5), pages 601-633, September.
    19. repec:ces:ifodic:v:10:y:2012:i:4:p:19074540 is not listed on IDEAS
    20. Alfredo M. Pereira & Jorge M. Andraz, 2014. "On the Long-Term Macroeconomic Effects of Social Security Spending: Evidence for 12 EU Countries," CEFAGE-UE Working Papers 2014_08, University of Evora, CEFAGE-UE (Portugal).
    21. Tindara Addabbo & Anna Maccagnan & Carmen Llorca-Rodríguez & Rosa García-Fernández, 2010. "Income distribution and the effect of the financial crisis on the Italian and Spanish labour markets," Department of Economics 0639, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    22. Victoria Levin, 2015. "Promoting Active Aging in Russia," World Bank Publications - Reports 22613, The World Bank Group.

    More about this item

    Keywords

    early retirement; youth unemployment; social policy;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izawol:journl:y:2014:n:70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Institute of Labor Economics (IZA) (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.