Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his...

"The support of start-ups out of unemployment within the legislative framework of Social Code III (SGB III) is still one of the most important instruments of active labour market policy. On August 1, 2006, the new 'Start-up Scheme' (§ 57 SGB III) replaced its predecessors, the 'Bridging...

Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. We present an alternative model that assumes that each individual has a subjective belief about the impact of her search effort on the...

"The support of start-ups out of unemployment within the legislative framework of Social Code III (SGB III) is still one of the most important instruments of active labour market policy. On August 1, 2006, the new 'Start-up Scheme' (§ 57 SGB III) replaced its predecessors, the 'Bridging...