Taking a European cross-country perspective, this paper addresses the most important issues in the nexus of population … ageing and labor markets. We start from a descriptive overview of the demographic change currently shaping European societies … interdependencies with the labor market situation in Europe. We place particular emphasis on the issue of non-competitive wage setting …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … differences in labor mobility and reallocation costs, which are typically ignored in American ?International Trade? textbooks … human capital investments: they are not independent of the aggregate state of labor markets, and in particular, frictions …

Taking a European cross-country perspective, this paper addresses the most important issues in the nexus of population … ageing and labor markets.We start from a descriptive overview of the demographic change currently shaping European societies … the labor market situation in Europe.We place particular emphasis on the issue of non-competitive wage setting. In our …