Why is Old Workers' Labor Market More Volatile? Unemployment Fluctuations over the Life-Cycle
Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of worker fl...
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 2014
|published in:||IZA Discussion Paper Vol. 8076|
|Data of publication:||2014|
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