Recent studies of aggregate job flows in the US economy indicate that (i) specific sectoral shocks are important to account for aggregate job flows dynamics and (ii) aggregate creation and destruction dynamics display significant non-linearities. This paper aims to study whether a simple...

Phelps [Phelps, E. (1994): "Low-wage employment subsidies versus the welfare state", American Economic Review 84, 54-58.] presented the case for a low-wage subsidy policy. Since the mid-1990s, France has experimented with this strategy. This paper evaluates the effect of this policy on...

It is argued that the tax on continued activity should be removed by implementing actuarially fair schemes. However, these schemes cannot fund the expected Social Security (SS) deficit. This article proposes to give individuals a "fraction" of the actuarially fair incentives in the case of...

We develop a balanced growth model with labor supply and search and matching frictions in the labor market to study the impact of economic policy variables on the two margins which constitute the (total) labor input: the extensive one (the rate of employment) and the intensive one (the hours...

endogenous, provided the structural model is able to reproduce its volatility. Moreover, the matching model embeds other non-linearities, which alter the average job finding rate and consequently the business cycle cost.

In this paper, we show that a short distance to the age of the full rate is one factor explaining not only the lowest employment rate of the seniors, but also to their low investment in training. This gives a new dividend to the incentive policies to postpone the retirement age: extending the...

This paper analyzes how long run productivity gains can be used by agents to change their optimal allocation between consumption, health services, and non-market activities during their life cycle. We develop a stylized model accounting for the endogenous number of years in school, retirement...

We present arguments in favor of a structural approach to the evaluation of public policies. To illustrate this point, an evaluation using a structural model is presented. The steps of the approach are : i) definition of a theoretical framework that takes into account equilibrium effects, ii)...