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Title:The distribution of unemployment by age and the unemployment rate: A puzzle? PDF Logo
Authors:Ochsen, Carsten
Issue Date:2008
Series/Report no.:Thünen-series of applied economic theory 89
Abstract:This paper examines the effects of the distribution of unemployment by age on the level of unemployment. We provide an extension of the standard equilibrium unemployment model that allows for age dependent job finding probabilities and quit rates. In the empirical part of the paper we apply a panel estimator on data for a set of OECD countries to test the implications of the theoretical model. The results provide the somewhat surprising evidence that the distribution of unemployment by age has a hump-shape effect on the unemployment rate.
Subjects:Distribution of Unemployment by Age
Duration of Unemployment
JEL:J11
J63
Document Type:Working Paper
Appears in Collections:Thünen Series of Applied Economic Theory, Universität Rostock

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