An ageing labor force is associated with a change in labor market dynamics. Individuals face different hazard rates of entering or leaving any labor market state throughout their lifetime. The volatility of transitions is different for subpopulations defined by gender and age. This study aims at revealing differences in the dynamics of labor market transitions for those groups on a four state labor market (full-time employment, part-time employment, unemployment, inactivity) as well as at decomposing the U.S. unemployment volatility with regard to these dynamics.
