business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started … in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to …

During the 1980s youth unemployment rates have persistently exceeded unemployment rates for adults, in Britain as in … other OECD countries. In the interwar period, youth unemployment rates in Britain were dramatically lower than those for … in the cyclical sensitivity of youth unemployment between the interwar and postwar periods, apparently attributable to …

unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … to multiple equilibria: a high-education equilibrium may coexist with a low-education equilibrium. In the former, the … unskilled are more exposed to unemployment relative to the skilled, as compared with the latter. The two equilibria cannot be …

The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to …

. This suggests that financial deepening contributed to poverty alleviation in rural areas by fostering entrepreneurship and …

Long-run trends in Africa’s well-being are provided on the basis of a new index of human development, alternative to … experienced in other developing regions. Within Africa, Sub-Saharan Africa has fallen steadily behind the North since mid-20th …-economy distortions. Contrary to the world experience, in which life expectancy dominated, education has driven progress in African human …

monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of … suggests that the switch to a monetary union is likely to make labor uur unions more aggressive, increasing unemployment …-country asymmetries, (pre-union) ERM membership and wage leadership. …

The Swedish adult education program known as the Knowledge Lift (1997--2002) was unprecedented in its size and scope …

A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment … those vacancies come onto the market. In particular, these workers’ experience average durations of unemployment which …

growth and the Non-Accelerating Inflation Rate of Unemployment (NAIRU). Because productivity trends evolve slowly, such …-equation model of unemployment and wage setting, that incorporates productivity effects, is estimated over the whole period allowing … labour productivity do matter, but they go only part of the way towards explaining wide swings in average unemployment across …