Reducing fixed cost duplication - a common justification for concentrated market structure - motivated the US government to relax the number of radio stations a firm could operate in any local market.  After deregulation the number of firms per market decreased.  The implied cost saving...

In this paper we use a dynamic structural life-cycle model to analyze the employment,fiscal and welfare effects induced by unemployment insurance. The model features a detailedspecification of the tax and transfer system, including unemployment insurance benefitswhich depend on an individual's...

In this paper we develop a dynamic structural life-cycle model of labor supplybehavior which fully accounts for the eects of income tax and transfers on la-bor supply incentives. Additionally, the model recognizes the demand side drivenrationing risk that might prevent individuals from realizing...

This paper considers the problem of determining the extent of any state dependen-cies in women's labor supply behavior. Employment outcomes are modeled using adynamic multinomial choice framework including persistent unobserved heterogeneitywith a relatively general distribution. In order to...

Renewed interest in economic growth has encouraged studies of how different sectors have contributed to convergence trends. Comparing productivity levels across countries is notoriously tricky, but one attractive approach has been to deflate sector value added by the PPP exchange rate for GDP....

This paper provides a critical view of the cross country literature on the impact of labour market institutions and policies on the evolving pattern of unemployment in OECD countries. Such widely used indicators as the generosity of unemployment insurance or the strength of trade unions are...