workers. Since youth unemployment is a pressing problem throughout advanced and developing countries, it is important to … consider the impact of these policies on the employment prospects of the young. …

workers. Since youth unemployment is a pressing problem throughout advanced and developing countries, it is important to … consider the impact of these policies on the employment prospects of the young. …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … employment experience of older male workers during the past half-century. We build an equilibrium life-cycle model with labor … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in …

s and 1980s accounts for the decline in employment among older workers in the United States. Second, the interaction … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in … unemployment can be attributed to the early retirement policies that were implemented in Europe from the 1970s up until the early …