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The distribution of unemployment by age and the unemployment rate: A puzzle?

Authors: Ochsen, Carsten;

The distribution of unemployment by age and the unemployment rate: A puzzle?

Abstract

This paper examines the effects of the distribution of unemployment by age on the level of unemployment. We provide an extension of the standard equilibrium unemployment model that allows for age dependent job finding probabilities and quit rates. In the empirical part of the paper we apply a panel estimator on data for a set of OECD countries to test the implications of the theoretical model. The results provide the somewhat surprising evidence that the distribution of unemployment by age has a hump-shape effect on the unemployment rate.

Keywords

Altersgruppe, ddc:330, J11, Arbeitslosigkeit, OECD-Staaten, J63, Duration of Unemployment, Theorie der Arbeitslosigkeit, Distribution of Unemployment by Age, Distribution of Unemployment by Age,Duration of Unemployment, Schätzung, jel: jel:J63, jel: jel:J11

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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