We analyse the pattern of work and other labour market states, such as unemployment and out-of-labour-force, over the life course, by making use of a long retrospective panel of older Europeans. Based on stochastic simulations of a reduced form transition probability model, we document to what...

This chapter surveys existing approaches to modeling labor supply and identifies important gaps in the literature that could be addressed in future research. The discussion begins with a look at recent policy reforms and labor market facts that motivate the study of labor supply. The analysis...

This chapter surveys existing approaches to modeling labor supply and identifies important gaps in the literature that could be addressed in future research. The discussion begins with a look at recent policy reforms and labor market facts that motivate the study of labor supply. The analysis...