unemployed (e.g., unemployment insurance, job search monitoring, social assistance, wage subsidies). This paper provides a … duration of the different policies, the dynamic pattern of payments along the unemployment spell, and the emergence of taxes …/subsidies upon re-employment. The optimal program endogenously generates an absorbing policy of last resort ('social assistance …

payments (e.g. tax rebates) are spent on non-durable household consumption in the quarter that they are received. We develop a … Finances. A version of the model parametrized to the 2001 tax rebate episode is able to generate consumption responses to …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

This paper develops an analytical framework to study consumption and labour supply in a rich class of heterogeneous … equilibrium joint distribution over wages, hours and consumption. With these expressions in hand, we show that all the structural … wages and hours, and cross-sectional data on consumption. We estimate the model on CEX and PSID data for the U.S. economy …

lower unemployment. Whether ‘work-sharing’ works – whether employment rises when hours per worker are reduced – is … standard hours, employment rose by 0.3–0.7%, but that total hours worked fell by 2–3%, implying possible output losses. As a … group, however, workers were better off as the wage bill rose. The employment growth implied by the mean standard hours …

relative to male wages, but female employment has fallen 5 percentage points more than male employment. Using the German Socio … of the hazard rate from employment. Differences in mean 1990 wages explain more than one-half of the gender gap in this … hazard rate, since low earners were more likely to leave employment, and were disproportionately female. The withdrawal from …

It is widely believed that the integration of European economies will have little impact on labour mobility. This does … not mean, however, that European labour markets will be unaffected by the process of economic integration. In this paper …

reductions in other sectors. The union campaign aimed to increase employment through ‘work-sharing’, and is being emulated in the …