We evaluate the information content of admission conditions for study programs quality by investigating its relationship with graduates employability. We find that study programs with larger numeri clausi are associated with a higher probability of finding a job. Additionally, compulsory...

Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables...

This paper analyses theoretically and empirically how employment subsidies should betargeted. We contrast measures involving targeting workers with low incomes/abilities andtargeting the unemployed under the criteria of "approximate welfare efficiency" (AWE)...