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 …

unemployment-related benefits: a) unemployment insurance and re-training benefits and b) the unemloyment assistance (UA). The … evidence suggests that unemployment-related benefits are relatively well-targeted in the sense that most of this kind of income … better chance to receive UA, and that local rates of unemployment also have a positive effect on getting this type of income …

; subsidised employment ; public works ; unemployment benefits ; Public Employment Service … 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 …