Chapter

Social Security Incentives, Exit from the Workforce, and Entry of the Young

Michele Boldrin, Pilar García-Gómez and Sergi Jiménez-Martín

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/9780226310008.003.0010
Social Security Incentives, Exit from the Workforce, and Entry of the Young

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This chapter examines the relationship between the employment (or exit from the labor force) of the old and the employment/unemployment of the young. The chapter is organized as follows. Section 9.2 documents the main macroeconomic facts of the last decades. Section 9.3 describes the social security background. Section 9.4 comments on the data and sources. Section 9.5 discusses the trends of the labor force during the period of study. Section 9.6 presents the methodology and the construction of the inducement-to-retire measure and, in Section 9.7, the empirical framework used to test the relevant hypothesis. The empirical results are described in Section 9.8; Section 9.9 offers some concluding remarks.

Keywords: employment; retirement; labor force participation; unemployment; young workers; older workers

Chapter.  11596 words.  Illustrated.

Subjects: Public Economics

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