their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …-life expectancy endogenously reduces their outside options and leads their wages to be less sensitive to the business cycle. Thus, in …

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of …

unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their …

unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We … first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into … account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting …