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Effets des préretraites sur l'emploi

Author

Listed:
  • Henri Sneessens
  • Fatemeh Shadman
  • Olivier Pierrard

Abstract

[fre] The paper analyzes the mechanisms by which policies aiming at downsizing the labour force (like early retirement policies) may in fact lead to lower employment levels, even though the equilibrium unemployment rate is decreased. Numerical examples suggest that job losses may be potentially important, even in the case where early retirements are concentrated among groups with high unemployment levels (low-skilled workers). The model takes into account the effects coming from imperfect competition and wage negotiations, as well as those coming from frictions and matching difficulties in an economy with continuous job creations and destructions. Reducing the labour force by promoting early retirement induces in the long run an increase in labour costs, either directly through the effect of unemployment on wages, or indirectly via the effect of unemployment on hiring difficulties. [eng] The paper analyzes the mechanisms by which policies aiming at downsizing the labour force (like early retirement policies) may in fact lead to lower employment levels, even though the equilibrium unemployment rate is decreased. Numerical examples suggest that job losses may be potentially important, even in the case where early retirements are concentrated among groups with high unemployment levels (low-skilled workers). The model takes into account the effects coming from imperfect competition and wage negotiations, as well as those coming from frictions and matching difficulties in an economy with continuous job creations and destructions. Reducing the labour force by promoting early retirement induces in the long run an increase in labour costs, either directly through the effect of unemployment on wages, or indirectly via the effect of unemployment on hiring difficulties.

Suggested Citation

  • Henri Sneessens & Fatemeh Shadman & Olivier Pierrard, 2003. "Effets des préretraites sur l'emploi," Revue Française d'Économie, Programme National Persée, vol. 18(1), pages 133-155.
    • Handle: RePEc:prs:rfreco:rfeco_0769-0479_2003_num_18_1_1481
    DOI: 10.3406/rfeco.2003.1481
    Note: DOI:10.3406/rfeco.2003.1481
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    Citations

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    Cited by:

    1. Raphael Desmet & Alain Jousten & Sergio Perelman & Pierre Pestieau, 2007. "Microsimulation of Social Security Reforms in Belgium," NBER Chapters, in: Social Security Programs and Retirement around the World: Fiscal Implications of Reform, pages 43-82, National Bureau of Economic Research, Inc.
    2. Olivier Pierrard & Henri R. Sneessens, 2009. "LOLA 1.0: Luxembourg overLapping generation model for policy analysis," BCL working papers 36, Central Bank of Luxembourg.
    3. Pierre Pestieau, 2003. "Ageing, retirement and pension reforms," The World Economy, Wiley Blackwell, vol. 26(10), pages 1447-1457, November.

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