Batyra, Anna and De la Croix, David and Pierrard, Olivier and Sneessens, Henri R. (2019) Structural changes in the labor market and the rise of early retirement in France and Germany. German Economic Review, 20 (4). e38-e69. ISSN 1465-6485 (Print) 1468-0475 (Online)
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Official URL: https://dx.doi.org/10.1111/geer.12150
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | aging; labor force participation; labor market policy and institutions; Overlapping generations; search unemployment |
| Divisions: | Faculty of Arts and Social Sciences |
| Depositing User: | IC-Cataloging |
| Date Deposited: | 30 Jul 2023 17:28 |
| Last Modified: | 30 Jul 2023 17:28 |
| URI: | https://research.sabanciuniv.edu/id/eprint/46562 |
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