English-speaking ones) together with stubbornly higher levels of unemployment in many others. Australia has shared in the rise … persistent unemployment, butnot to the degree that many continental European countries have. This situation provides the …

Unemployment insurance and employment protection are typically discussed and studied in isolation. ln this paper, we …, risk neutral firms, and random shocks to productivity. We show that, in the 'first best', unemployment insurance comes with … employment protection - in the form of layoff taxes; indeed, optimality requires that layoff taxes be equal to unemployment …

unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … to multiple equilibria: a high-education equilibrium may coexist with a low-education equilibrium. In the former, the … unskilled are more exposed to unemployment relative to the skilled, as compared with the latter. The two equilibria cannot be …

the labour market and underinvestment in education. A central insight is that the ex-post participation decision of … workers endogeneously generates increasing marginal returns to education. Although equilibrium implies underinvestment in … education, optimal policy is not to subsidise education. Instead it is to subsidise labour market participation which we argue …

differences in labour supply responses to tax policy can explain differences in aggregate labour supply and years of education …

incentives to invest optimally ex ante in education. …

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning … study the impact of changes in the education of workers and the incentives to innovate. Lower profits imply lower growth … redistribution. Subsidization of education increases employment and growth. Redistribution through the tax and benefit system or …

The Swedish adult education program known as the Knowledge Lift (1997--2002) was unprecedented in its size and scope …