The “Great Recession” resulted in many business closings and foreclosures, but what effectdid it have on business formation? On the one hand, recessions decrease potential businessincome and wealth, but on the other hand they restrict opportunities in the wage/salary sectorleaving the net...

In-work benefits are becoming an increasingly relevant labour market policy, graduallyexpanding in scope and geographical coverage. This paper investigates the equilibriumimpact of in-work benefits and contrasts it with the traditional partial equilibrium analysis. Wefind under which conditions...