Affordable Access

Download Read

Social Security Programs and Retirement around the World: The Relationship to Youth Employment

Authors

Abstract

Social Security Programs and Retirement around the World: The Relationship to Youth Employment This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Social Security Programs and Retirement around the World: The Relationship to Youth Employment Volume Author/Editor: Jonathan Gruber and David A. Wise, editors Volume Publisher: University of Chicago Press Volume ISBN: 978-0-226-30948-4; 0-226-30948-7 Volume URL: http://www.nber.org/books/grub08-1 Conference Date: Publication Date: February 2010 Chapter Title: Releasing Jobs for the Young? Early Retirement and Youth Unemployment in the United Kingdom Chapter Author: James Banks, Richard Blundell, Antoine Bozio, Carl Emmerson Chapter URL: http://www.nber.org/chapters/c8261 Chapter pages in book: (319 - 344) 319 11 Releasing Jobs for the Young? Early Retirement and Youth Unemployment in the United Kingdom James Banks, Richard Blundell, Antoine Bozio, and Carl Emmerson 11.1 Introduction Previous volumes of the International Social Security project at the NBER have shown convincingly that the incentives provided by pension schemes provisions have had a strong negative impact on labor force participation at older ages (Gruber and Wise 1999, 2004). Many countries increased the generosity of their state pension provision in the 1970s, despite the fact that demographic changes (both differences in cohort sizes and higher life expectancy) would subsequently pose serious threats to the fi nancial viability of those pension schemes. In many instances, it was stressed that changes to pension provisions have somehow been made with the idea to “release jobs” for the young. Indeed, with unemployment increasing after the 1970’s oil shocks, it is perhaps unsurprising that European governments were implementing various reforms aimed at reducing unemployment, and youth unemployment in particular. In other words, increased incentives to retire early may

There are no comments yet on this publication. Be the first to share your thoughts.