This article seeks to explain the substantial increases in older men's labor force participation rates observed since the mid-1990s. Using data from the United States, Canada, and the United Kingdom, I exploit the cohort effects driving recent increases in older women's participation rates to...

This paper proposes a theory of endogenous transmission of social status through signalling in the labour market. A signalling game is analysed, in which education, acting as a signalling good, determines one's position in society. The economy's degree of inequality is shown to be a determinant...