the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the … competitive labour market with friction. -- minimum wage and employment ; minimum wage paradox ; friction and search in the labour …

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 … level of benefits and the cross-subsidization of low-productivity groups. Lower benefits induce higher aggregate employment …

programmes - training, subsidised employment and public works. …

likelihood that he search for a job through public employment office and it reduces the probability of the usage of all other …

programmes - training, subsidised employment and public works. -- active labour market programmes ; training programmes … ; subsidised employment ; public works ; unemployment benefits ; Public Employment Service …

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 … level of benefits and the cross-subsidization of low-productivity groups. Lower benefits induce higher aggregate employment …