I develop a model with the path of labor-market outcomes exhibiting hysteresis depending on prior labor-market policy. The results suggest that attempts to transfer policies across economies lead to surprising results even if current economic outcomes in the countries appear similar. Examples of...

A precondition for the absence of labor-market competition between immigrants and natives is that they differ in their willingness to accept work that offers different amenities. The implications of a model embodying this assumption are that immigrants will be observed experiencing inferior...

A precondition for the absence of labor-market competition between immigrants and natives is that they differ in their willingness to accept work that offers different amenities. The implications of a model embodying this assumption are that immigrants will be observed experiencing inferior...