Education, Employment and Job Market Participation in a Matching Model

Charlot, Olivier

Education, Employment and Job Market Participation in a Matching Model - 2005.


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The aging of workers is a key factor which accounts for their different performance in the labor market. Employment rates by age group are, in general, bell-shaped, whereas the unemployment rate continuously falls. Over the past decades, the unemployment rate has risen for all age groups, but especially so for the youngest groups, while employment and job market participation have basically fallen for the youngest and eldest groups. In this paper, we will build a matching model following Pissarides’s (1990) in order to account for these phenomena.

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