Does A Higher Retirement Age Reduce Youth Employment?

Hour: 2 p.m.
Venue: Seminar Room, Department of Economics and Management, via Inama 5

Speaker

• Giorgio Brunello, University of Padova and IZA

Abstract

Pension reforms that rise minimum retirement age increase the pool of senior individuals who are not eligible to retire from the labor market. We exploit the variation in this pool across local labor markets and an instrumental variable strategy to investigate whether these reforms could have negatively affected youth employment. Using Italian data, we find that delayed retirement eligibility has increased senior employment and reduced youth employment.

The paper is co - authored with Marco Bertoni, University of Padova.