welfare receipt and increase employment before recipients reach the limit, as recipients "hoard" their months of eligibility … of time-limit leavers, however, continues to receive Food Stamps, Medicaid, etc. The impact on employment is mixed …

is shown that the firm’s optimal adjustment strategy may involve stockouts. At low inflation rates, output is inversely …

Theoretical work on indexation and contract duration suggests no role for the expected rate of inflation in equations … explaining these variables. Yet, stand-alone or two-equation studies of indexation and contract duration often report that this … duration and indexation decisions and offer a context within which earlier findings can be understood. In this three …

. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms …In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries … of works councils. Second, on the basis of these estimates, we use the difference between predicted and actual employment …