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Job Creation and Job Destruction over the Life Cycle: The Older Workers in the Spotlight Author info | Abstract | Publisher info | Download info | Related research | Statistics Jean-Olivier Hairault () (EUREQua, University of Paris I, CEPREMAP and IZA)
Arnaud Chéron () (GAINS, University of Le Mans and EDHEC)
François Langot () (GAINS, University of Le Mans, CEPREMAP and EUREQua)
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This paper extends the job creation - job destruction approach to the labor market to take into account the life-cycle of workers. Forward looking decisions about hiring and firing depend on the time over which to recoup adjustment costs. The equilibrium is typically featured by increasing (decreasing) firing (hiring) rates with age, and a hump-shaped age-dynamics of employment. The empirical plausibility of the model is assessed by incorporating existing age-specific labor market policies in France. Finally we show that the age-dynamics of employment is optimal when the Hosios condition holds and we design the optimal agepattern for employment policies when this condition does not apply.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
2597.
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Length: 60 pages
Date of creation: Feb 2007Date of revision:
Handle: RePEc:iza:izadps:dp2597Contact details of provider: Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany Phone: +49 228 3894 223 Fax: +49 228 3894 180 Web page: http://www.iza.org
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Keywords: job search ; matching ; life cycle ; Other versions of this item:
Find related papers by JEL classification: J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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