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This paper explores the optimal design of subsidies for hiring unemployed workers (?employment vouchers? for short) in the context of a dynamic model of the labor market. Focusing on the short-term and long-term effects of the vouchers on employment and unemployment, the analysis shows how the...
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Arbeitsmarkt wird sich weiter eintrüben, doch bleibt der Anstieg der Arbeitslosigkeit vergleichsweise moderat. Bis zum Ende des …
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