1970 and 1975. Using the Quarterly Labour Force Survey, we find that the expansion caused men to increase education by … about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a … obtain instrumental variables estimates of returns to schooling of about 6% for both men and women. -- return to education …

We examine the optimal labor market-policy mix over the business cycle. In a search and matching model with risk …-efficient allocation. This can be achieved by a combination of a production tax and three labor-market policy instruments, namely, a va …- cancy subsidy, a layoff tax and unemployment benefits. We derive analytical expressions for the optimal setting of each of …

The divergence of unemployment rates between the United States and Europe coincided with a substantial acceleration in … capital is a key determinant for the way the economy's labor market reacts to an acceleration in capital-embodied technical … change. The proposed framework offers a novel explanation for the observed divergence of unemployment rates across economies …

dissatisfaction reflects poor economic conditions; unemployment is particularly important. Using individual level data for 16 Western …. Finally, while effects of growth and unemployment rates are the same across demographic subsets, the effect of inflation is …

noncompliance in a dynamic context. In an empirical application, we evaluate the French labor market policy reform PARE which … abolished the dependence of unemployment insurance benefits on the elapsed unemployment duration and simultaneously introduced … additional active labor market policy measures. The estimated effect of the reform on the survival function of the duration of …

We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … labor market transition behavior at these margins, finding remarkably consistent results in the two countries, with the …

curve, which draws the classical inverse relation between the job vacancy rate and the unemployment rate, before, during … labour in the overall economy, its net effect on job vacancies in the aggregate is a priori uncertain. To clarify matters, I …