Article (Scientific journals)
Structural changes in the labor market and the rise of early retirement in France and Germany
Batyra, Anna; de la Croix, David; Pierrard, Olivier et al.
In pressIn German Economic Review
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Keywords :
Overlapping Generations; Search Unemployment; Labor Force Participation; Aging; Labor Market Policy and Institutions
Abstract :
[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.
Disciplines :
Macroeconomics & monetary economics
Author, co-author :
Batyra, Anna;  Sabanci University, Istanbul
de la Croix, David;  Université catholique de Louvain > IRES
Pierrard, Olivier;  Banque centrale du Luxembourg
Sneessens, Henri ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
External co-authors :
yes
Language :
English
Title :
Structural changes in the labor market and the rise of early retirement in France and Germany
Publication date :
In press
Journal title :
German Economic Review
ISSN :
1468-0475
Publisher :
Blackwell Publishing
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBilu :
since 07 October 2016

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