employment are determined by optimizing choices in an imperfectly competitive setting. It turns out that underemployment …

For the first time, nationally representative data on women's employment histories are used to study the gap between … women's and men's pay in Great Britain. It is decomposed into a gap attributable to gender differences in human capital … characteristics (such as education, work experience, and time spent out of employment by women), and a gap attributable to gender …

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market … decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are … examined: (i) `unemployment persistence', arising when temporary shocks have persistent effects on unemployment; and (ii …