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dc.contributor.authorChéron, Arnauden
dc.contributor.authorHairault, Jean-Olivieren
dc.contributor.authorLangot, Françoisen
dc.date.accessioned2008-09-08-
dc.date.accessioned2010-07-07T11:30:32Z-
dc.date.available2010-07-07T11:30:32Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:101:1-2008031807en
dc.identifier.urihttp://hdl.handle.net/10419/34899-
dc.description.abstractThis 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3396en
dc.subject.jelJ22en
dc.subject.ddc330en
dc.subject.keywordJob searchen
dc.subject.keywordmatchingen
dc.subject.keywordlife cycleen
dc.subject.stwTheorie der Arbeitslosigkeiten
dc.subject.stwLebenszyklusen
dc.subject.stwArbeitsucheen
dc.subject.stwArbeitsnachfrageen
dc.subject.stwMatchingen
dc.subject.stwArbeitsmarktpolitiken
dc.subject.stwAltersgruppeen
dc.subject.stwTheorieen
dc.subject.stwOECD-Staatenen
dc.titleLife-cycle equilibrium unemployment-
dc.type|aWorking Paperen
dc.identifier.ppn577124994en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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