Chapter

The Interaction of Youth and Elderly Labor Markets in Canada

Michael Baker, Jonathan Gruber and Kevin Milligan

in Social Security Programs and Retirement around the World

Published by University of Chicago Press

Published in print October 2007 | ISBN: 9780226310176
Published online February 2013 | e-ISBN: 9780226310008 | DOI: http://dx.doi.org/10.7208/chicago/9780226310008.003.0003
The Interaction of Youth and Elderly Labor Markets in Canada

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This chapter examines the impact of previously-studied long-run trends in elderly labor market behavior on younger workers. It begins by providing a history of public pensions in Canada, viewed in the context of the political pressures coming from both older and younger workers. It then presents some time series graphs of labor market behavior from the 1970s to the 2000s by age group and sex, looking for evidence of substitution between older and younger workers. Finally, it presents some regression results to check how well the inferences from the graphs hold up to a more rigorous analysis. There is little evidence that trends in elderly labor force participation have had an impact on the labor markets of the younger.

Keywords: labor market; labor force participation; older workers; younger workers; public pensions; substitution

Chapter.  6616 words.  Illustrated.

Subjects: Public Economics

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