Life-cycle equilibrium unemployment
This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped age pr...
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 2008
|published in:||IZA Discussion Papers Vol. 3396|
|Data of publication:||2008|
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