Job Creation and Job Destruction over the Life Cycle: The Older Workers in the Spotlight
This paper extends the job creation - job destruction approach to the labor market to take into account the life-cycle of workers. Forward looking decisions about hiring and firing depend on the time over which to recoup adjustment costs. The equilibrium is typically featured by increasing (decreasi...
|Place of publication:||
Institute for the Study of Labor (IZA)
|Data of publication:||2007/02|
IZA Discussion Papers
|Online Access:||available in Bonn?|
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