Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39765
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dc.contributor.authorHetze, Pascalen_US
dc.contributor.authorOchsen, Carstenen_US
dc.date.accessioned2009-10-08en_US
dc.date.accessioned2010-09-08T07:47:56Z-
dc.date.available2010-09-08T07:47:56Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/39765-
dc.description.abstractThis paper argues that aging of the labor force affects job creation and job destruction. To analyze this, we extend a standard model of equilibrium unemployment and search in the labor market by the distinction between age specific separation risks and a productivity differential between young and elderly workers. Based on the theo- retical model, we identify four regimes of changes in the Beveridge Curve and job creation which can occur if the age structure varies. We also present an econometric model to find out which country relates to which regime. According to the estimates we can identify all four cases. For example, Spain and the US may experience positive effects on employment when the labor force grows older. In contrast to this, the unemployment rate in Germany and Japan will rise as a consequence of the increase in the share of elderly workers.en_US
dc.language.isoengen_US
dc.publisher|aUniv., Wirtschafts- und Sozialwiss. Fak. |cRostocken_US
dc.relation.ispartofseries|aThünen-series of applied economic theory |x57en_US
dc.subject.jelJ63en_US
dc.subject.jelJ64en_US
dc.subject.jelJ23en_US
dc.subject.jelJ21en_US
dc.subject.jelJ10en_US
dc.subject.ddc330en_US
dc.subject.keywordVacancies and Separationsen_US
dc.subject.keywordUnemploymenten_US
dc.subject.keywordJob Creationen_US
dc.subject.keywordAging of the Labor Forceen_US
dc.subject.keywordDemographic Changeen_US
dc.titleHow aging of the labor force affects equilibrium unemploymenten_US
dc.type|aWorking Paperen_US
dc.identifier.ppn610195247en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:roswps:57-

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