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...

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Bibliographic details
Volume: 3396
Main Author: Chéron, Arnaud
Hairault, Jean-Olivier
Langot, François
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2008
published in: IZA Discussion Papers Vol. 3396
Data of publication: 2008
Subjects:
Online Access: Fulltext
Database: EconStor
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