sector, high unemployment for educated youth, weak private sector dependent on government welfare for their survival, rapid …

, welfare and public sector pay changes over the 2008 to 2012 period gave rise to lower than average losses for the bottom …

We analyze the effect of low-skill workers offshoring on the welfare of the economy. In the context of a matching model … with different possible equilibria, we discuss two policies that could potentially outweigh the negative welfare effects of … that, while both policy instruments can theoretically bring the economy back to previous welfare levels, careful thought …

Social welfare systems usually imply specific obligations for benefit recipients. If a recipient does not comply with … the literature on the effects of sanctions in social welfare systems and we present first results on the effects of … sanctions for young unemployed welfare recipients based on German administrative data. The German welfare system is particularly …

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic … profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating …

This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and … and thus higher welfare, all else equal. Because of this effect, natives in countries that received a lot of migration … results show that the welfare impact of observed levels of migration is substantial, at about 5 to 10% for the main receiving …