Job creation and job destruction over the life cycle
Subtitle: the older workers in the spotlight
By: by Jean-Olivier Hairault, Arnaud Chéron, Franȯis Langot.
Contributors: Chéron, Arnaud.
Series: Discussion paper -- no. 2597; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2597
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Job creation -- France.; Manpower policy -- France.
Description: "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 age-pattern for employment policies when this condition does not apply"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 4/20/2007.

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