This paper focuses on three large Continental European countries: France, Germany, and Italy. These countries have …

retirement and hence creating job vacancies for the young, improve the allocation of workers to jobs in the labor market? Using a … standard model of labor market search, we establish that the equilibrium with no policy-induced retirement can be efficient …. Even under worst-case parameterizations of our model, we find that public retirement programs pay the elderly substantially …

unemployment. Results from simulation exercises suggest that in the case of Chile the reforms resulted in an increase in informal … the reduction of Chile's aggregate of unemployment …

This paper estimates the response of the unemployment rate and labor force participation rate to exogenous variation in … variable. A one percent increase in the youth share reduces the unemployment rate of young workers by more than one percent …