Are employers willing to employ more older individuals, in particular older women? Higher employment among the older segments of the population will only materialise if firms are willing to employ them. Although several economists have started considering the demand side of the labour market for...

In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers, but evidence on their effectiveness is scarce. This paper examines the effects of a permanent wage cost subsidy in Belgium on the employment rate, working time and hourly wage....

On the basis of a longitudinal administrative dataset (1991-2002) merged with the Census of 2001 and the National Register, the majority of the poor elderly in Belgium appear to be persistently poor. The question arises why this might be so. To the extent that individual characteristics such as...

Les travailleurs bénéficient de performances différentes sur le marché du travail en fonction de leur âge : le taux d'emploi exhibe une trajectoire en cloche en fonction de l'âge, tandis que le taux de chômage est continuellement décroissant. Au cours des dernières décennies, le taux...

With an overlapping generations model, Williamson and Jones [1983] demonstrated that the long-run savings ratio in the U.S. was not affected by the introduction and the reform of the unfunded social security system. This paper extends their model by including a production sector, endogenous...

This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....

We analyse optimal saving of risk-averse households when labour income stochastically jumps between two states. The generalized Keynes-Ramsey rule includes a precautionary savings term. A phase diagram analysis illustrates consumption and wealth dynamics within and between states. There is an...

We present an intertemporal model of consumption and savings incorporating liquidity constraints and non-separable preferences. We solve the problem numerically and characterize the optimal consumption behavior. We explore the traditional puzzles highlighted in the empirical literature as excess...

This paper outlines a methodology to identify the preference parameters that characterize household behaviour over the life-cycle, through the specification and estimation of a model of individual behaviour. The focus of this research is directed towards commodity demands, female labour supply...

Cet article étend l’analyse des jeux stratégiques de marché au modèle à générations imbriquées? Nous considérons une économie avec un bien et de la monnaie de crédit où les stratégies des agents sont du type “achat ou vente”. Nous montrons que l’existence d’un équilibre...