replacement incomes implies migration into unemployment. Defending wages with replacement incomes brings about first …-order efficiency losses that outweigh the budget cost to the government. By contrast, wage subsidies involve much smaller welfare …

constraints on individual job search effort in the context of the German welfare system. For this we merge survey data of long …

firing costs and unemployment benefits are independent of redundancy pay, employment and welfare will rise with redundancy … shown that a fixed payment will lower wages, leave employment and welfare unaffected if there are no wage-dependent taxes …, no additional firing costs and if unemployment benefits are not altered by redundancy payments. If payroll taxes exceed …

variables over the period 1970 to 2013. For the baseline simulation, the welfare gain for capital owners is 3.7% of per …-period consumption while workers suffer a welfare loss of 1.4%. Using counterfactual simulations, we find that both groups could have …

We present the results from a natural experiment in which single mothers on welfare were stimulated to find a job. Two … municipalities in The Netherlands, a country with relatively high benefits and low incentives for single mothers to leave welfare for … work. In our analysis, we make a distinction between native and immigrant welfare recipients. For immigrant single mothers …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … structure. I show that one cannot determine which regulatory instrument that induces the highest expected welfare based on the …