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propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …
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Despite the increased frequency of job loss for older workers in Europe, little is known on itseffect on the work-retirement decision. Employing individual data from the EuropeanCommunity Household Panel for Germany, Italy, Spain, and the U.K., a multivariatecompeting-risks hazard model is...
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The labor market is often asserted to be characterized by rigidities that make it difficult forolder workers to carry out their desired trajectory from work to retirement. An importantsource of rigidity is restrictions on hours of work imposed by firms that use team productionor face high fixed...
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When hiring new workers, employers use a wide variety of different recruiting methods in addition to posting a vacancy announcement, such as adjusting education, experience or technical requirements, or offering higher wages. The intensity with which employers make use of these alternative...
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density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
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unemployment to disability and no impact on the transition rate to employment or inactivity. More precisely, individuals just below …
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