Lalé, Etienne - In: Quantitative economics : QE ; journal of the … 9 (2018) 2, pp. 735-784
This paper provides new interpretations of the effects of rising economic turbulence—an increase in the rate of skill …‐cycle model with labor market frictions and labor force participation decisions. First, rising economic turbulence during the 1970 … between turbulence and institutions explains most of the reduction in labor force participation among older workers in Europe …