retirement as an absorbing state, that we calibrate to match the observed patterns. Our finding is that the dynamics of relative … into retirement. In contrast, differences in layoff rates and job offer arrival rates cannot explain these patterns. Our … results support the idea that retirement incentives, more than weak labor demand, are responsible for the low employment rates …

reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a … slows down after the birth of a child and all specific human capital is destroyed upon job loss. -- fertility ; unemployment …

We analyze the effect of automation and offshorability on unemployment duration and postunemployment outcomes such as … wages and employment stability. Our rich administrative data allow us to evaluate the importance of providing unemployment …