This paper incorporates training in the design of unemployment policies. Human capital falls upon displacement and … continuously depreciates during unemployment. While training counters the decrease in human capital, it also affects the … with varying intensity during the unemployment spell can be enforced by the social planner. The analysis provides three …

reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a …

longer hours. By contrast, a higher probability of losing jobs, a longer duration of unemployment, and in general a less …

Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited … variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment … pattern, which helps explain the lack of convergence in regional unemployment rates, is consistent with the presence of …

equilibrium, thereby generating unemployment in the ‘East’. This slows the migration of human capital towards the East, but …

This Paper derives optimal employment contracts when workers are risk-averse and there are employment and unemployment … risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment … dismissals are optimal if exogenous unemployment compensation is sufficiently generous. …

(especially that of the former Yugoslavia). We concentrate on entry into unemployment of young male workers who are thought to …