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dc.contributor.authorHetze, Pascalen
dc.contributor.authorOchsen, Carstenen
dc.date.accessioned2009-10-08-
dc.date.accessioned2010-09-08T07:47:56Z-
dc.date.available2010-09-08T07:47:56Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aUniversität Rostock, Institut für Volkswirtschaftslehre |cRostocken
dc.relation.ispartofseries|aThünen-Series of Applied Economic Theory - Working Paper |x57en
dc.subject.jelJ63en
dc.subject.jelJ64en
dc.subject.jelJ23en
dc.subject.jelJ21en
dc.subject.jelJ10en
dc.subject.ddc330en
dc.subject.keywordVacancies and Separationsen
dc.subject.keywordUnemploymenten
dc.subject.keywordJob Creationen
dc.subject.keywordAging of the Labor Forceen
dc.subject.keywordDemographic Changeen
dc.titleHow aging of the labor force affects equilibrium unemployment-
dc.type|aWorking Paperen
dc.identifier.ppn610195247en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:roswps:57en

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