We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...

This paper studies the presence of hours constraints on the UK labor market and its effect onolder workers labor supply, both at the extensive and the intensive margin. Using panel datafor the period 1991-2004, the results from a competing risks model show that over-employedmale workers can...

One important concern of governments in developing countries is on how to phase-out largesafety nets programs. This paper evaluates the short run effects of one possible exit strategy,programs that promote self-employment, in Argentina. We provide evidence that a smallfraction of beneficiaries...