Despite the increased frequency of job loss for older workers in Europe, little is known on its effect on the work …-retirement decision. Employing individual data from the European Community Household Panel for Germany, Italy, Spain, and the U.K., a … unemployed which offer a pathway to early retirement such as, Germany and Spain, older displaced workers exhibit lower re …

We estimate a New Keynesian model with matching frictions and nominal wage rigidities on UK data. We are able to … study the transmission mechanism. With matching frictions, wage rigidities have limited effect on inflation dynamics …, despite improving the empirical performance of the model. The reason is that with matching frictions, marginal costs depend on …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance … individual countries and labour force projections are given. We expect the labour force in Europe to decline during the next …