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This paper extends the job creation-job destruction approach to the labor market to take into account a deterministic finite horizon. As hirings and separations depend on the time over which to recoup investment costs, the life-cycle setting implies age-differentiated labor market flows. Whereas...
Persistent link: https://www.econbiz.de/10009001406
, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract. It is … show that the unemployment benefit agency could take advantage of the retirement period to tax pensions in order to …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …
Persistent link: https://www.econbiz.de/10009131149
reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a …
Persistent link: https://www.econbiz.de/10005738710