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
Main Author: Langot, Francois
Cheron, Arnaud
Hairault, Jean-Olivier
Format: Paper
Language: English
Place of publication: 01.03.2008
Related: Institute for the Study of Labor (IZA)
Data of publication: 2008/03
Series: IZA Discussion Papers
Subjects:
Online Access: available in Bonn?
Database: RePEc
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