employed. Observed covariates including wages and retirement benefits help to explain these patterns, but unobserved …

, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient …

This paper looks at the effects of unemployment on re-employment wage for men using the first seven waves of the … of sample selection and unobserved heterogeneity are also addressed in the analyses. This study finds that, unemployment … to increase to about 14% in the fourth year before starting to decline. In addition, the first spell of unemployment is …

unemployment into either new job or recall. The recall probability is allowed to affect the search intensity for new jobs. …

unemployment and labour market exclusion. The main findings of the study are that low levels of education and working experience … unemployment and nonparticipation. There is also evidence of budget constraints that eventually lead to decreasing reservation … wages or increasing search intensity, as unemployment spells become very long. We discuss some policy implications of our …