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https://hdl.handle.net/10419/34899
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chéron, Arnaud | en |
dc.contributor.author | Hairault, Jean-Olivier | en |
dc.contributor.author | Langot, François | en |
dc.date.accessioned | 2008-09-08 | - |
dc.date.accessioned | 2010-07-07T11:30:32Z | - |
dc.date.available | 2010-07-07T11:30:32Z | - |
dc.date.issued | 2008 | - |
dc.identifier.pi | urn:nbn:de:101:1-2008031807 | en |
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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x3396 | en |
dc.subject.jel | J22 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Job search | en |
dc.subject.keyword | matching | en |
dc.subject.keyword | life cycle | en |
dc.subject.stw | Theorie der Arbeitslosigkeit | en |
dc.subject.stw | Lebenszyklus | en |
dc.subject.stw | Arbeitsuche | en |
dc.subject.stw | Arbeitsnachfrage | en |
dc.subject.stw | Matching | en |
dc.subject.stw | Arbeitsmarktpolitik | en |
dc.subject.stw | Altersgruppe | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | OECD-Staaten | en |
dc.title | Life-cycle equilibrium unemployment | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 577124994 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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