Results

Journal article

Journal of Population Economics:

In medio stat victus: labor demand effects of an increase in the retirement age

After falling for four decades, statutory retirement ages are increasing in most OECD countries. The labor market adjustment to these reforms has not yet been thoroughly investigated by the literature. We draw on a major...Read more...

CEP discussion paper

Financial constraints in search equilibrium: Mortensen and Pissarides meet Holmstrom and Tirole

The Great Recession has indicated that firms' leverage and access to finance are important for hiring and firing decisions. It is now empirically established that bank lending is correlated to employment losses when cred...Read more...

CEP discussion paper

Incentives in Competitive Search Equilibrium

This paper analyses the interaction between internal agency problems within firms and external search frictions when workers have private information. We show that the allocation of resources is determined by a modified ...Read more...