Demographic Evolutions and Unemployment: an Analysis of French Labour Market with Workers Generations
This paper describes a segmented matching labour market model with generations of workers. This model is calibrated on French data. The results refute the usual idea, according to which a decrease in labour supply leads to a decrease in unemployment. The combination of pure demographic effects with scalwedge effects due to the increase in subscription rates lead to a serious rise of the unemployment rate. Various alternative specifications are also studied such as an increase of work duration or a lowering in replacement rates.
Ageing; Unemployment; Matching Model; Social Security
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