Labor market search and optimal retirement policy
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Labor market search and optimal retirement policy by Joydeep Bhattacharya

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in

Subjects:

  • Labor market -- Econometric models.,
  • Retirement -- Econometric models.,
  • Social security -- Econometric models.

Book details:

Edition Notes

StatementJoydeep Bhattacharya, Casey B. Mulligan, Robert R. Reed III.
GenreEconometric models.
SeriesNBER working paper series -- no. 8591, Working paper series (National Bureau of Economic Research) -- working paper no. 8591.
ContributionsMulligan, Casey B., Reed, Robert E., National Bureau of Economic Research.
The Physical Object
Pagination19 p. ;
Number of Pages19
ID Numbers
Open LibraryOL22429586M

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These voters choose the degree of employment protection and the legal retirement age which define an optimal labor market turnover and realize their preferred allocation of income and unemployment. Labor Market Search and Optimal Retirement Policy Article in Economic Inquiry 42(4) · February with 14 Reads How we measure 'reads'. Advanced Search Include Citations Authors: Advanced Search Include Citations | Disambiguate Tables: DMCA R.(), “Labor market search and optimal retirement policy”, NBER Working Paper Cached. Download Links [academyrealtor.com] Save to List; Add to Collection “Labor market search and optimal retirement policy”, NBER. Labor Market Search and Optimal Retirement Policy.

Labor market search and optimal retirement policy Abstract A popular view about social security, dating back to its early days of inception, is that it is a means for young, unemployed workers to "purchase" jobs from older, employed workers. The question we ask is: Can socialCited by: 8. "Labor Market Search and Optimal Retirement Policy," Staff General Research Papers Archive , Iowa State University, Department of Economics. Joydeep Bhattacharya & Casey B. Mulligan & Robert R. Reed III, "Labor Market Search and Optimal Retirement Policy," NBER Working Papers , National Bureau of Economic Research, Inc. Optimal Redistributive Policy in a Labor Market with Search and Private Information Edouard Schaal NYU Mathieu Taschereau-Dumouchel Wharton October Abstract We study the design of optimal policies in a frictional model of the labor market with private infor-mation about skills. Optimal monetary policy in this context is obtained by solving a constrained Ramsey problem in which the monetary authority maximizes the welfare of agents subject to the constraints represented by the competitive economy relations and the assumed monetary policy rule. I find that strict inflation targeting is not the optimal policy.

The question we ask is: Can social security, by encouraging retirement and hence creating job vacancies for the young, improve the allocation of workers to jobs in the labor market? Using a standard model of labor market search, we establish that the equilibrium with no policy-induced retirement . BibTeX @MISC{Bhattacharya01nberworking, author = {Joydeep Bhattacharya and Robert R. Reed Iii}, title = {NBER WORKING PAPER SERIES LABOR MARKET SEARCH AND OPTIMAL RETIREMENT POLICY}, year = {}}. Get this from a library! Labor market search and optimal retirement policy. [Joydeep Bhattacharya; Casey B Mulligan; Robert R Reed; National Bureau of Economic Research.]. Labor Market Search and Optimal Retirement Policy. By Joydeep Bhattacharya, Casey Mulligan and Robert Reed. Get PDF ( KB) Abstract. A popular view about social security, dating back to its early days of inception, is that it is a means for young, unemployed workers to "purchase" jobs from older, employed workers. Using a standard model.