effects vary with prevailing economic conditions and institutions. Impulse responses of aggregate outcomes (GDP growth … that some labour market reforms (e.g. of unemployment benefit systems and job protection) pay off more quickly in good …

outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment …

to facilitate hiring dynamics and to minimise long-term unemployment and scarring risks among vulnerable groups who have …

, profit sharing, and equilibrium unemployment depending on whether in other industries profit share is or is not a part of the …. Under flexible profit sharing wage is higher if optimal profit share is small enough. For equilibrium unemployment, we find … that if there is no profit sharing in other industries, outsourcing will decrease the unemployment rate. But if profit …

, and a temporary impact on unemployment. However, labour market integration of immigrants (as well as integration of second …

, and a temporary impact on unemployment. However, labour market integration of immigrants (as well as integration of second …

into higher long-term unemployment risks. In terms of policies, the paper finds that the labour market implications of the …