similar station within the German wage structure as that held by high school graduates in the US labour market. Finally, we …

employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …

division of labor. Moreover, as firms switch to decentralization, their employment structure becomes more homogeneous and wage …

opportunities differ across workers determine simultaneously the long-run level of employment and the long-run rate of growth. We … rates but not necessarily less employment. The effects of redistributive policy measures among workers depend on the form of … redistribution. Subsidization of education increases employment and growth. Redistribution through the tax and benefit system or …

occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this …

wages for part-time and full-time employment that depend also on some inherent skill ‘endowment’ and labour market …