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Retirement Policies, Employment, And Unemployment, Ronald G. Ehrenberg
Retirement Policies, Employment, And Unemployment, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] There is a growing consensus among economists that reliance on aggregate demand policies alone will not be sufficient to move the economy to full employment with a nonaccelerating inflation rate, and that policies which alter the structure of labor markets will be required. While obvious structural policies such as public sector employment programs and training programs are the focus of current debate, many other public policies affect labor markets in subtle ways which may well adversely affect the level and distribution of employment and unemployment. To help improve the inflation-unemployment tradeoff, policymakers should seek to marginally modify these policies, …
The Impact Of Retirement Policies On Employment And Unemployment, Ronald Ehrenberg
The Impact Of Retirement Policies On Employment And Unemployment, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] This paper has focused on the impact of retirement policies on the level and distribution of employment and unemployment. All of the policies discussed, except for early retirement provisions in privately negotiated collective bargaining contracts were seen to have adverse effects on the level and distribution of employment. Hence, the paper illustrates the more general point that policies designed to promote one social goal may well detract from achieving other goals and suggests that more explicit attention should be given to the employment effects of social programs and legislation prior to their adoption.