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 …

This paper studies the interaction of financing constraints and labor market imperfections on the labor market and … amplify and propagate total factor productivity shocks in cyclical labor market dynamics. I find that under the Nash … labor variables falls short of the observed volatilities in the data. Atop of this, the comovement between output and labor …

rates of unemployment during their whole prime-age work career. Building on a unique combination of micro- and macro data …

’ transition rates from unemployment to employment.Based on Norwegian register data from the 1989-2002 period, we show that this … indicator,in contrast to the aggregate rate of unemployment, correlates well with an expost-calculated GDP-based business cycle … unemployment rate, both at an aggregate and a disaggregate level, and hence improve policy makers ability to assess current labour …

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 …