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:||
Institute for the Study of Labor (IZA)
|Data of publication:||2008/03|
IZA Discussion Papers
|Online Access:||available in Bonn?|
Database information Databases - DBIS