retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …

retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … workers who will retire early (the 'bad' workers) from applying for these jobs. Secondly, we endogenize the retirement … the 'bad' workers. These asymmetries in the information lead to an excess of retirement compared to the full information …

aggregate unemployment. Our evidence supports countercyclical teenage fertility. …