Chéron, Arnaud; Hairault, Jean-Olivier; Langot, François - Centre pour la Recherche Économique et ses … - 2011
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...