Kawaguchi, Daiji; Murao, Tetsushi - In: IZA Journal of Labor Policy 1 (2012), pp. 1-22
paper examines the effect of labor-market institutions on the fluctuations of age-specific unemployment rates based on panel …The way age-specific unemployment rates fluctuate over the business cycle differs significantly across countries. This … existing workforce induces the employment adjustment of new entrants into the labor market. -- unemployment ; labor market …