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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...
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We extend the benchmark model of Aghion and Blanchard (1994) assuming two segments of the emerging private sector that differ in workers’ productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after the transition, up until the shock is fully...
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(whiteningʺ) with the help of a model. It turns out that if only negative incentives were involved (better enforcement scenario …. The major alternative policy option is a positive incentives scenario. The simplest measure consists of a substantial … other hand in this version higher inflation would constitute the main policy concern. Combining incentives with a cut in …
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