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dc.contributor.authorChéron, Arnauden_US
dc.contributor.authorHairault, Jean-Olivieren_US
dc.contributor.authorLangot, Françoisen_US
dc.date.accessioned2008-09-08en_US
dc.date.accessioned2010-07-07T11:30:32Z-
dc.date.available2010-07-07T11:30:32Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008031807en_US
dc.identifier.urihttp://hdl.handle.net/10419/34899-
dc.description.abstractThis paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped age profile for employment. Because of intergenerational inefficiencies, the Hosios condition no longer achieves efficiency. We then explore the optimal age-pattern of some policy tools to restore this efficiency. The optimal profile for employment subsidies should increase with age, whereas firing taxes and hirings subsidies would have to be hump-shaped. Lastly, we examine the robustness of our results. We show that age-directed recruitment policies cannot exist in equilibrium even if it would have been ex-ante possible, and that introducing endogenous search effort of unemployed workers reinforces our main results.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3396en_US
dc.subject.jelJ22en_US
dc.subject.ddc330en_US
dc.subject.keywordJob searchen_US
dc.subject.keywordmatchingen_US
dc.subject.keywordlife cycleen_US
dc.subject.stwTheorie der Arbeitslosigkeiten_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwArbeitsucheen_US
dc.subject.stwArbeitsnachfrageen_US
dc.subject.stwMatchingen_US
dc.subject.stwArbeitsmarktpolitiken_US
dc.subject.stwAltersgruppeen_US
dc.subject.stwTheorieen_US
dc.subject.stwOECD-Staatenen_US
dc.titleLife-cycle equilibrium unemploymenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn577124994en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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