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Whereas the preferences of consumers are a cornerstone of market economies, the preferences of employees, e.g., regarding the preferred amount of paid labour, usually are not. However, we have strong evidence that differences between aspired and actually worked weekly hours have a serious...
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Experimental evidence has convincingly shown the existence of reciprocal inclinations, i.e., a tendency for people to respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the population, (ii) individual determinants of reciprocity,...
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Unemployment benefits often reduce incentives to search for a job. Policymakers have responded to this behaviour by … setting minimum job search requirements, by monitoring to check that unemployment benefit recipients are engaged in the … search monitoring and benefit sanctions reduce unemployment duration and increase job entry in the short term. There is some …
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Organisation for Economic Co-operation and Development countries spend, on average, an equivalent of 0.4% of their gross domestic product on active and passive labor market policies. This is a non-negligible sum, especially in times of strained government budgets. Meetings with case workers -...
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Many studies document a large negative effect of unemployment on happiness. Recent research has looked into factors …, for helping the unemployed back into work, and for more evenly distributing the burden of unemployment resulting from …
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