employed. Observed covariates including wages and retirement benefits help to explain these patterns, but unobserved …

, 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 …

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 …

of the marginal actuarially fair incentives in case of postponed retirement. Social Security then faces a tradeoff … between giving enough incentives to make individuals actually delay retirement and giving little increase in pensions in order …. Furthermore, we analyze the interactions between wealth and retirement behavior. …

into account distortions related to unemployment benefits and bargaining power shows the robustness of this result, in …

the labor force and almost doubles the unemployment risk. The financial effects of health shocks are small on average and …

We study how changes in the maximum benefit duration affect the inflow into unemployment in the Netherlands. Until … August 2003, workers who became unemployed after age 57.5 were entitled to unemployment benefits until the age of 65, after … which they would receive old age pensions. This characteristic made it attractive for workers to enter unemployment shortly …

We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our … using state of the art Bayesian methods employing a long panel (1976-1995) for France. Our results clearly show that returns … rationale for this phenomenon. Specifically, in a low-mobility country such as France, there is little gain in compensating …

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …