This paper develops a simple analytical framework in which optimal health and retirement policies amid population aging … timing of retirement, the size of lifecycle labour income and pension payments and investments in health that individuals … the traditionally separate areas of health and retirement policy can be coordinated to achieve dynamic efficiency. Under …

This paper introduces productivity-dependent firing costs into an otherwise standard endogenous separations matching …

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

of productivity, to a larger production potential and to a higher growth rate. The new economy has implications for …

productivity shocks, using capital-labor trade-off. The model generates higher volatilities of key variables and therefore enhances … the performance of the matching model to generate stylized facts in response to an aggregate productivity shock. However …