unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing … activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …

policies in France. Finally we show that the age-dynamics of employment is optimal when the Hosios condition holds and we …

retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … workers who will retire early (the 'bad' workers) from applying for these jobs. Secondly, we endogenize the retirement … the 'bad' workers. These asymmetries in the information lead to an excess of retirement compared to the full information …

We develop a multi-sectoral matching model to predict the impact of the lockdown on the US unemployment, considering … and business closures that hit the workers with the first level of education explains the abruptness of the unemployment …-crisis unemployment level could be reached in 2024 in a scenario with a double wave. In the same scenario, a calibration on French data …

low-paid workers' submarkets. The model fits the job finding, job separation, and unemployment rates well. It also … of the aggregate shock that allows generating the US labor market fluctuations has a correlation with unemployment that …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of …

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their … distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing …