Rogerson, Richard Donald; Wallenius, Johanna - National Bureau of Economic Research - 2021
Employment rates of males aged 55-64 have changed dramatically in the OECD over the last 5 decades. The average … employment rate decreased by more than 15 percentage points between the mid-1970s and the mid-1990s, only to increase by roughly … part of this paper we present evidence against this explanation. We then offer a new narrative to understand the employment …