Narrow search
Showing 1 - 8 of 8
Cover Image
Why is Old Workers' Labor Market More Volatile? Unemployment Fluctuations over the Life-Cycle
Hairault, Jean-Olivier; Langot, François; Sopraseuth, … - Institute for the Study of Labor (IZA) - 2014
Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...
Persistent link: https://www.econbiz.de/10010884226
Cover Image
Equilibrium Unemployment and Retirement
Hairault, Jean-Olivier; Langot, François; Zylberberg, Andre - Institute for the Study of Labor (IZA) - 2012
not; the existence of search externalities makes the retirement age of unemployed workers intrinsically suboptimal …
Persistent link: https://www.econbiz.de/10011279299
Cover Image
The Cyclicality of Labor Market Flows: A Multiple-Shock Approach
Hairault, Jean-Olivier; Zhutova, Anastasia - Institute for the Study of Labor (IZA) - 2014
a shock to the efficiency of the matching process (search shock). The two former shocks generate a quite balanced … model capture the possible shifts in the three conditions determining labor market equilibrium in any matching models … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …
Persistent link: https://www.econbiz.de/10010959834
Cover Image
The Cyclicality of the Separation and Job Finding Rates in France
Hairault, Jean-Olivier; Le Barbanchon, Thomas; … - Institute for the Study of Labor (IZA) - 2012
In this paper, we aim to shed light on the relative contribution of the separation and job finding rates to French unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We first investigate the fluctuations in steady state...
Persistent link: https://www.econbiz.de/10010755818
Cover Image
Unemployment Dynamics and the Cost of Business Cycles
Hairault, Jean-Olivier; Langot, François; Osotimehin, … - Institute for the Study of Labor (IZA) - 2008
reproduce the volatility of the job finding rate. Moreover, the matching model embeds other non-linearities which alter the …
Persistent link: https://www.econbiz.de/10005822080
Cover Image
The Interaction between Retirement and Job Search: A Global Approach to Older Workers Employment
Hairault, Jean-Olivier; Langot, François; Sopraseuth, … - Institute for the Study of Labor (IZA) - 2006
's (1970) job search model by explicitly integrating life-cycle features and retirement decisions. Using simulations, we show … a more intensive job-search by older unemployed workers. …
Persistent link: https://www.econbiz.de/10005762305
Cover Image
Job Creation and Job Destruction over the Life Cycle: The Older Workers in the Spotlight
Hairault, Jean-Olivier; Chéron, Arnaud; Langot, François - Institute for the Study of Labor (IZA) - 2007
This paper extends the job creation - job destruction approach to the labor market to take into account the life-cycle of workers. Forward looking decisions about hiring and firing depend on the time over which to recoup adjustment costs. The equilibrium is typically featured by increasing...
Persistent link: https://www.econbiz.de/10005822261
Cover Image
Life-Cycle Equilibrium Unemployment
Chéron, Arnaud; Hairault, Jean-Olivier; Langot, François - Institute for the Study of Labor (IZA) - 2008
distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing … search effort of unemployed workers reinforces our main results. …
Persistent link: https://www.econbiz.de/10005762327