. This paper takes the perspective of the three demographically oldest European nations - France, Germany and Italy - to …, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that endogenous human capital … formation in combination with an increase in the retirement age has strong implications for economic aggregates and welfare, in …

, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. -- Unemployment insurance ; retirement …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …

, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …

, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively … mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has …

, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively … mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has …