differ in workers’ productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after … strength of the initial shock to employment. In the long run, the system asymptotically converges to full employment of all … groups. If the rate of job destruction is sufficiently low, the unemployment rates can get close to steady-state values …

method of calculating labour market flows in a consistent way and the employment effects of the crisis unfolding after 2008 …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 …

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 … programmes - training, subsidised employment and public works. -- active labour market programmes ; training programmes …