. But with rapid technological change, gains in youth employment from vocational education may be offset by less … adaptability and thus diminished employment later in life. To test our main hypothesis that any relative labor-market advantage of … vocational education decreases with age, we employ a difference-in-differences approach that compares employment rates across …

provision of labour market relevant information by former coworkers affects the employment probabilities and, if hired, the … wages of male workers who have previously become unemployed as the result of an establishment closure. To identify the … results suggest a strong positive effect of a higher employment rate in a worker’s network of former coworkers on his re-employment …

, we observe interesting patterns in the skill composition, employment opportunities and wages for migrants to the …

effect on total GDP. In this setup the spending multiplier shows large long-run effects, considerably stronger than those …

types. We first find that, the model does a good job at matching the cyclical properties of sectoral employment and the wage …

multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint. …

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … data we confirm that firms adjust on both margins for market size. In a stochastic setting, firms adjust to increased …

Using a Cournot oligopoly model with an endogenous number of firms and evasion of indirect taxes, this paper shows that …

firm behaviour in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes … preferences on the ability to collude, and the incentive for profit-maximizing firms to mimic irrational behavior. …