Perhaps it does. We propose a model in which workers with little education or in the tails of the age distribution the inexperienced and the old have more chance of job failure (mismatch). Recruits' average education should then increase and the standard deviation of starting age decrease when...

Perhaps it does. We propose a model in which workers with little education or in the tails of the age distribution - the inexperienced and the old - have more chance of job failure (mismatch). Recruits' average education should then increase and the standard deviation of starting age decrease...

The paper asks why retirement can be so abrupt in countries such as France (1/2% of the workforce over 65), yet staged in Japan (8% over 65). We find part of the answer in tax laws that prevent people working and receiving a pension, and make little allowance for fair pension increases if...

The paper asks why retirement can be so abrupt in countries such as France (1/2% of the workforce over 65), yet staged in Japan (8% over 65). We find part of the answer in tax laws that prevent people working and receiving a pension, and make little allowance for fair pension increases if...

This paper tests whether the job security offered by stricter employment protection legislation (EPL) undermines positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively more need for layoffs and labour flexibility have lower...