Reference : Structural changes in the labor market and the rise of early retirement in France and...
Scientific journals : Article
Business & economic sciences : Macroeconomics & monetary economics
Structural changes in the labor market and the rise of early retirement in France and Germany
Batyra, Anna [Sabanci University, Istanbul]
de la Croix, David [Université catholique de Louvain > IRES]
Pierrard, Olivier [Banque centrale du Luxembourg]
Sneessens, Henri mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)]
In press
German Economic Review
Blackwell Publishing
Yes (verified by ORBilu)
[en] Overlapping Generations ; Search Unemployment ; Labor Force Participation ; Aging ; Labor Market Policy and Institutions
[en] 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.

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