Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...

This research suggests that a Darwinian evolution of entrepreneurial spirit played asignificant role in the process of economic development and the dynamics of inequality withinand across societies. The study argues that entrepreneurial spirit evolved non-monotonicallyin the course of human...

This paper contributes to the already vast literature on demography-induced internationalcapital flows by examining the role of labor market imperfections and institutions. We setup atwo-country overlapping generations model with search unemployment, which we calibrateon EU15 and US data. Labor...

During the 1980s and 1990s, the Netherlands experienced a strong increase in the labourforce participation of women. This study investigates the increase of participation over thesuccessive generations of women, and produces an educated guess for future participation.For this purpose, we...

We present a general model of child labor that incorporates the various componentspresented in the literature as explanations for its existence. Our proposal is to mitigate thephenomenon by encouraging temporary emigration...