analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …. Our findings allow us to draw cautious conclusions on employment subsidies paid as welfare benefits. …

this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real … this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell … sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust …