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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/34899
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| DC Field | | Value | | Language |
| dc.contributor.author | | Chéron, Arnaud | | en_US |
| dc.contributor.author | | Hairault, Jean-Olivier | | en_US |
| dc.contributor.author | | Langot, François | | en_US |
| dc.date.accessioned | | 2008-09-08 | | en_US |
| dc.date.accessioned | | 2010-07-07T11:30:32Z | | - |
| dc.date.available | | 2010-07-07T11:30:32Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-2008031807 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/34899 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 3396 | | en_US |
| dc.subject.jel | | J22 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Job search | | en_US |
| dc.subject.keyword | | matching | | en_US |
| dc.subject.keyword | | life cycle | | en_US |
| dc.subject.stw | | Theorie der Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Lebenszyklus | | en_US |
| dc.subject.stw | | Arbeitsuche | | en_US |
| dc.subject.stw | | Arbeitsnachfrage | | en_US |
| dc.subject.stw | | Matching | | en_US |
| dc.subject.stw | | Arbeitsmarktpolitik | | en_US |
| dc.subject.stw | | Altersgruppe | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | Life-cycle equilibrium unemployment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 577124994 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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