Many countries, primarily in Europe, apply dismissal protections to permanent employment contracts but not to temporary ones, creating a two-tiered labor market in which younger and less educated …
This 1958 Journal of Political Economy paper by Paul Samuelson builds a deliberately stripped-down model of a world in which goods cannot be stored or invested -- nothing "keeps" -- so people can only …
Online FirstReview of Economic StudiesOnline 16 Sep 2026
A popular argument — the "asset market meltdown" of the 1990s, revived as the "great demographic reversal" — holds that once the old start running down their savings, aging will push interest rates …
This 1965 American Economic Review paper by Peter Diamond extends Samuelson's pure consumption-loan model by adding a produced, durable capital good, so that people can provide for retirement either …