Early Retirement and Employment of the Young in the Netherlands

Arie Kapteyn, Klaas de Vos and Adriaan Kalwij

in Social Security Programs and Retirement around the World

Published by University of Chicago Press

Published in print April 2010 | ISBN: 9780226309484
Published online February 2013 | e-ISBN: 9780226309507 | DOI:
Early Retirement and Employment of the Young in the Netherlands

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This chapter discusses one of the factors underlying the emergence of widespread early retirement opportunities: the desire to create or preserve jobs for the young. The labor force participation (LFP) of the (male) elderly shows a considerable decrease between the late seventies and late nineties, after which most early retirement programs were scaled down because they were fast becoming financially unsustainable, and the government finally appeared to succeed in effectively restricting access to unemployment and disability benefits. Some graphical evidences are presented on the relationship between employment and unemployment of the young and the labor force participation of the old. If early retirement of the elderly age group were to have a beneficial effect on the employment of the younger age group, then the effect of elderly employment on employment of younger age groups should be negative, while on unemployment it should be positive. When elderly employment decreases, employment of the young should increase, while unemployment should decrease.

Keywords: employment; young; retirement programs; labor force; unemployment

Chapter.  5327 words.  Illustrated.

Subjects: Public Economics

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