Structural Changes in the Labor Market and the Rise of Early Retirement in France and Germany-Reference-Cited by-同舟云学术

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

Published:2019-12-01 Issue:4 Volume:20 Page:e38-e69
ISSN:1468-0475
Container-title:German Economic Review
language:en
Short-container-title:

Author:

Batyra Anna¹,Pierrard Olivier²,Croix David de la³,Sneessens Henri R.³⁴

Affiliation:

1. Sabanci University, Istanbul , Turkey

2. Banque centrale du Luxembourg, Luxembourg , Luxembourg

3. Université catholique de Louvain, Ottignies- Louvain-la-Neuve , Belgium

4. Université du Luxembourg, Luxembourg City , Luxembourg

Abstract

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.

Publisher

Walter de Gruyter GmbH

Subject

Economics and Econometrics

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/geer.12150

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