Kawaguchi, Daiji; Murao, Tetsushi - In: IZA Journal of Labor Policy 1 (2012), pp. 1-22
The way age-specific unemployment rates fluctuate over the business cycle differs significantly across countries. This paper examines the effect of labor-market institutions on the fluctuations of age-specific unemployment rates based on panel data of 18 OECD countries between 1971 and 2008....