Increases in the retirement age and labour demand for youth by Tito Boeri, Pietro Garibaldi, Espen Moen published by VOXEU (9/2016)
The Eurozone’s sustained rise in youth unemployment since 2008 threatens to create a ‘lost generation’. This column presents evidence that this is, in part, an unintended consequence of pension reforms in southern Europe that locked in older workers. In future, reforms that create flexible retirement ages alongside variable pension levels could minimise the impact on youth unemployment without increasing the state’s long-term pension liabilities.
