Butter, Frank A.G. den; Jongen, Egbert L.W.; Udo, Kock - VU University Amsterdam, Faculty of Economics, Business … - 2001
Our small empirical stock-flow model for the Dutch economy, which endogenizes the adjustment dynamics to (un)employment … benefits and non-participation is 0.33 respectively 0.05 of the search effectiveness of individuals receiving unemployment … non-participants into the labor market rises permanently, the unemployment rate rises quickly and stabilizes at a higher …