Marchiori, Luca; Pierrard, Olivier - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
unemployment, which we calibrateon EU15 and US data. Labor market imperfections are found to significantly increase thevolume of … role of labor market imperfections and institutions. We setup atwo-country overlapping generations model with search … to investigate how demographicasymmetries may have contributed to unemployment and welfare changes in the recent past …