their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive … consistent with prime-age workers' labor market while aging endogenously introduces real wage rigidities, allowing to match what …

temporary employment to unemployment, were the main factor behind the rise in unemployment; while reduced unemployment outflows … did not contribute substantially to the increase in unemployment during the early phase of the crisis …

This study aims at estimating the stigma effect of unemployment and overeducation within one framework. To this end, we … from the employer side, we find evidence for a larger stigma effect of unemployment than overeducation. The stigma effect …

As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the …How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this … and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor … shocks to job destruction, presenting and solving a simple model of labor market search and endogenous finance. While finance …

unexamined the influence on labor demand of the unique tax that finances it. Experience rating in unemployment insurance presents …For every payment, there is an equal and opposite tax. In the study of unemployment insurance, economists have … developed a substantial literature considering the impact of payments on labor supply. In contrast, they have usually left …

This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … transfers that are linear in household wealth/income. We use the tractability result to show that an increase in labor market …

flexible multi-state Mixed Proportional Hazard specifications for transition rates between employment, unemployment, and …' transition rates from unemployment to employment increase. Longer periods of non-employment generally decrease future transition …

focus is to explore how the conditions in the pre-displacement firm affect the duration of unemployment. The empirical … spent in unemployment. The heterogeneity of the signalling effect across various employee subgroups in the economy is also …