Lacroix, Guy - Institute for the Study of Labor (IZA) - 2009
population starting one year before the implementation of the program and up until the end of 2005. We use a multi-state multi …. We
use a multi-state multi-episode model. The endogeneity of the participation status is
accounted for by treating AE … with unobserved individual characteristics.
JEL Classification: I38, J31, J64
Keywords: wage subsidy, multi-state …