employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. …

employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. …

matching model with two education levels in which workers decide ex-ante on their skill formation, it is shown that employment … the rent created by skill formation. Furthermore, it will be shown that high-skilled workers face shorter unemployment …

which education reduces the unemployment risk is examined, distinguishing between risk of entering unemployment …, unemployment duration and recurrence of unemployment episodes. Finally, evidence is given on the impact of education on individual … labor market outcomes for men and women in France and Germany, two countries with different education systems. Using …

improves welfare as it increases the incentives for education. However, too aggressive combating of the informal sector is not … optimal as that induces inefficiently high unemployment rates. …