strategy. This paper evaluates the e®ect of this policy on employment and also on output and welfare. We construct an …

institutions such as unemployment benefits, employment protection and mandatory retirement age have an age-differentiated impact … which can explain age-differentiated employment gaps between the US and French economies. Whereas the employment rates are … quite similar for middle-aged workers, weaker rotations on the labor market lead to lower employment rates for younger …

This paper analyzes the implications of labor market institutions and policies on the employment-labor productivity …