heterogenous case theoretical results are mixed. There is no unique connection between unemployment and minimum wages, and the … market, seem to support the hypothesis that an increase in the minimum wage generally leads to an increase in unemployment as …

"Using German data this study applies an unobserved-components approach to disentangle the unemployment rate into a … trend component of unemployment, which triggers permanent reactions of the workers, is likely connected to a structural … effect. By splitting up the participation effect of changes in the unemployment rate our analysis differs profoundly from …

heterogenous case theoretical results are mixed. There is no unique connection between unemployment and minimum wages, and the … market, seem to support the hypothesis that an increase in the minimum wage generally leads to an increase in unemployment as …

Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

"In this paper we study the effect of small labor market entry cohorts on (un)employment in Western Germany. From a … theoretical point of view, decreasing cohort sizes may on the one hand reduce unemployment due to 'inverse cohort crowding' or on … the other hand increase unemployment if companies reduce jobs disproportionately. Consequently, the actual effect of …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …