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Institut für Volkswirtschaftslehre, Universität Rostock >
Thünen Series of Applied Economic Theory, Universität Rostock >
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http://hdl.handle.net/10419/39717
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| Title: | | The distribution of unemployment by age and the unemployment rate: A puzzle?  |
| 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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