This paper confronts Greenwald's model of adverse selection in the labour market, with Topel and Ward's model of job shopping. According to Greenwald's contribution, in a sequence of periods, workers' freedom to change jobs is seriously reduced by a process of adverse selection. The labour...

Il problema dell'informazione asimmetrica nel mercato del lavoro e' stato affrontato ripercorrendo la letteratura relativa agli sviluppi dei modelli di salari di efficienza, nelle varie categorie di selezione avversa, azzardo morale e segnalazione. Per ognuna di queste categorie sono stati...

The paper analyses the labour market in a framework of New Keynesian Economics (NKE). The aim of the NKE is to provide micro foundations to the main result of the Keynesian model, that is the rigidity of prices and wages as well as the presence of non market clearing equilibria. In the first...

In recent years an increasing amount of efforts has been devoted, both in the U.S. and within the E.U., to perform impact evaluation of geographically-targeted economic development (GTED) programs. The surging interest for the evaluation of GTED programs is challenged by the difficulty to assess...

Analyses of the Hungarian employment situation are almost always concerned only with the change in the number of the employed, unemployed and inactive, not paying particular attention to the flows between these states. This paper discusses a method of calculating labour market flows in a...

Analyses of the Hungarian employment situation are almost always concerned only with the change in the number of the employed, unemployed and inactive, not paying particular attention to the flows between these states. This paper discusses a method of calculating labour market flows in a...

The low level of job search is a unique feature of the Hungarian labour market compared to other former communist countries. The paper looks at search intensity among the non-employed using micro-data of the European Labour Force Survey. A section comparing Hungary, Poland and Slovakia in detail...

The low level of job search is a unique feature of the Hungarian labour market compared to other former communist countries. The paper looks at search intensity among the non-employed using micro-data of the European Labour Force Survey. A section comparing Hungary, Poland and Slovakia in detail...

Based on the microbased panel datasets of the Labour Force Survey between 1998 and 2010 and the administrative Pension Fund data between 2000 and 2006 we analyse the number, composition and subsequent labour market behaviour of former public sector employees in Hungary. We show that the greater...