Using the 1996-2001 Chilean CASEN Panel Survey, this paper analyzes the impact onincome of the switch from salaried employment to entrepreneurship (self-employment andleadership of micro-enterprises). By means of a difference-in-differences non-parametricmatching estimator the paper alleviates...

This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...

Econometric evaluations of public-sponsored training programmes generally find littleevidence of an impact of such policies on transition rates out of unemployment. We performthe first evaluation of training effects for the unemployed adults in France, exploiting a uniquelongitudinal dataset...

Firms select not only how many, but also which workers to hire. Yet, in standard searchmodels of the labor market, all workers have the same probability of being hired. We arguethat selective hiring crucially affects welfare analysis. Our model is isomorphic to a searchmodel under random hiring...

This paper addresses the problem of the dualism of the Italian economy, particularly of its labor market. Although the Italian labor market is considered to be the most highly regulated among OECD countries, the unemployment rate in the North, which represents two thirds of the whole economy, is...

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers´ well-being by exploiting sector-specific institutional differences...

Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment variation there and weexplore potential explanations for this...

This paper takes a fresh look at the analysis of labour market dynamics and argues thatcapital accumulation plays a fundamental role in shaping unemployment movements. Thisrole has generally been examined by considering indirect transmission channels of thecapital stock effects, i.e. using...