type="main" xml:id="sjpe12043-abs-0001" <title type="main">Abstract</title> <p>Firms hiring new graduates face uncertainty on the future productivity of workers. Theory suggests that starting wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education as an...</p>

The "Dutch model" has widely attracted international attention for its presumed ability to reduce unemployment, introduce market incentives in the former public domain and maintain essential provisions of the welfare state. This paper documents and evaluates policy changes, labour market...