Empirical studies find that the age-variance profile of wages is U-shaped. The objective of this paper is to explore … firm-worker matches. Three factors shape the age-inequality profile of wages in the model economy: the time horizon before … the U-shape of the age-inequality profile of wages if the bargaining power of workers is sufficiently high. Furthermore …

labour market in terms of the incentives that economic agents face. To fulfil its new role the following three reform … policies for the welfare state are analysed: Unemployment accounts, employment subsidies and flexicurity. Finally, a new …