This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … employment experience of older male workers during the past half-century. We build an equilibrium life-cycle model with labor … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in …

s and 1980s accounts for the decline in employment among older workers in the United States. Second, the interaction … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in … unemployment can be attributed to the early retirement policies that were implemented in Europe from the 1970s up until the early …

-displacement wage. Using rich and accurate data on workers’ employment patterns before and after displacement, we compare the earnings … and employment outcomes of displaced workers who entered transfer companies with those that did not. Workers can choose … and IV estimates indicate that the use of a transfer company has a positive and significant effect on employment rates …

seasonal work interruptions premised on the idea that a seasonal worker will tend to exit employment around the same time each … firms, 3) partly offset by unemployment benefits, and 4) amplified by concurrent drops in partners’ earnings. On net …