The paper investigates exit probabilities of registered unemployed to active labour market programmes using administrative records from the unemployment register of the Hungarian National Labour Centre. We estimate parametric duration models that summarise variation in exit probabilities with...

This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...

In the conventional textbook demand-supply model of competitive labour markets, introduction of a minimum wage above the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the case, which appears to be most readily explained by...

Zusammenfassung: Der vorliegende Artikel nutzt zwei Befragungen unter Arbeitnehmern und Arbeitgebern im Bereich der geringfügigen Beschäftigung für eine aktuelle Bestandsaufnahme der Minijobs und vergleicht die Ergebnisse mit der Situation vor Einführung des gesetzlichen Mindestlohns. Im...

We examine theoretically and empirically how wage subsidies and minimum wages interact regarding to employment opportunities, and how these interactive effects vary across different groups of workers. Assuming a neoclassical labor market and heterogeneous work, subsidized lowskilled worker...