informational value of the indicator by examining its stability over time and its predictive power on labour force transitions …

market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a … concept which we call time-to-educate, during which an individual faces the trade-off between continuing education and taking …

should only be used if they fail to find a job within reasonable time despite high expected initial exit rates. …

A significant fraction of the labor force consists of employed workers who are part-time unemployed (underemployed) in … the design of optimal unemployment insurance in an economy with unemployment as well as part-time unemployment. Part-time … unemployment provides income insurance and serves as a stepping stone to full-time jobs. Unemployment benefits for part …