positive links between employment protection, depression and the consumption of various psychotropic drugs. Tenure and firm …Unlike many other contracts, employment contracts are subject to various external administrative procedures governing … Health Survey) including details on work-related stress and the consumption of various medications, including anti …

of capital for investments in jobs, which harms the position of job seekers, including new entrants to the labour market …

cost of capital for investments in jobs. Third, making shareholders the ultimate owner of the firm provides the best …

This Paper explores the optimal interaction between the tax system and unemployment compensation in insuring people … against the risks of involuntary unemployment and low ability. To that end, we introduce search unemployment in a model of … and the unemployment benefit) increases if, for efficient agents, the participation constraint (governing job search …

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …. Further, with heterogeneous labour, higher relative bargaining power for some groups leads quite generally to over-employment … of workers is actually detrimental to employment when labour is considered as an homogeneous input. Finally, the hold …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … of jobs) favours specific human capital investments. This conjecture provides, among other things, a rationale for … differences in labour mobility and reallocation costs, which are typically ignored in American ‘International Trade’ textbooks yet …

factor substitution between labour and polluting resources, a shift towards greener preferences boosts employment if labour … policy and involuntary unemployment are derived within a second-best framework in which lump-sum taxes and subsidies are not … available and labour supply is rationed due to a rigid consumer wage. In the absence of factor substitution more environmental …

Labour market frictions are not the only possible source of high unemployment. Credit market imperfections, driven by … tractable macroeconomic model, we treat credit and labour market imperfections in a symmetrical way. Accordingly, we introduce … frictions, in the spirit of Diamond (1990). These imperfections mirror job search frictions in the labour market. We study the …

In order to explore the optimal taxation of low-skilled labour, we extend the standard model of optimal non …-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for in-voluntary unemployment, job search …, an exogenous welfare benefit, and a non-utilitarian social welfare function. In trading of more low-skilled employment …

unemployment duration spells, relatively large wage penalties when changing jobs and higher likelihood of leaving activity for … and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market … institutions (wage rigidity and employment protection) increased, but to a much lesser extent, the unemployment gap. …