the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … phenomenon poses numerous challenges for the design of public pension programs and labor market policies. To better understand … exploring how the lifecycle influences individual labor market behavior, its impact on aggregate labor market outcomes is far …

empirically.The proportion of non-employment (including education, early-retirement andcaring, as well as unemployment) classified …

, was to reduce the lack of jobs and to increase welfare. Facing persistently increasing unemployment rates from then on …