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Recherche d’emploi et cycle de vie

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  • François Langot

Abstract

This paper presents an extension of the job search model where life cycle features are taken into account. We show that policies aimed at postponing the effective retirement age increase the employment rate of older workers through more hirings. We show that these policies are more effective in increasing the employment rate of older workers than a sharp decline in unemployment benefits with the unemployment duration. However, this type of pension reform may face crowding out effects. We highlight two of them: on the one hand, more generous specific unemployment insurance for older workers, and on the other hand reductions of promotion opportunities at the end of their careers. These two phenomena are the source of employment separations before the retirement age of an unemployed person: thus, they reduce the number of older people in employment, and therefore the share of those eligible to bonuses related to the postponement of the retirement age. Classification JEL : E24, H55

Suggested Citation

  • François Langot, 2019. "Recherche d’emploi et cycle de vie," Revue d'économie politique, Dalloz, vol. 129(5), pages 741-776.
    • Handle: RePEc:cai:repdal:redp_295_0741
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    Keywords

    Job search theory; retirement; employment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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