Abstract:The purpose of this paper is to provide empirical evidence for some Latin‐American countries on the “lump of labor” theory, which implies a negative effect of the increase in the labor force of older adults on the demand for employment of young people, at a time in history where much of the debate, in an aging population context, focuses on the need to generate incentives to extend the working lifespan of senior adults. The results obtained from the estimation of a fixed effect model using a panel of annual da… Show more
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