A Quality-adjusted specification of labor is suggested which allow firms training to effect labor efficiency. To assess …

In Europe, accounting standards prevent larger expenditures on employer-sponsored training from being treated as … investments. Using Sweden as example, we discuss two consequences for training. First, the timing: training will be conducted when … income is large enough for training costs to be deducted without loss. This is more often possible during booms than …

A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess … probability that training expenditures result in net decreases in total costs. Judging from the corresponding point estimates …

explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity … intermediate step between unemployment and wage inflation. Contributions by Kuh, Solow and Stiglitz in the late sixties follow this …, it is hard to derive the desired result that the wage share increases when unemployment falls. Monopolistic price …

How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We …

Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980s. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …