This paper studies the effect of the firm-size distribution on the relationship between employment and output. We … construct a theoretical model, which predicts that changes in demand for industry output have larger effects on employment in … relationship between industry-level employment and output. Our empirical results align with the predictions of the theory and …

full Danish flexicurity set of policies (low employment protection, high unemployment benefits and workfare). Our results …

will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating … income may be interdependent for various important reasons. For example, the more employment policies stimulate the … employment rate, the greater the length of time over which workers use the human capital generated by training policies. Moreover …

people’s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

people?s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

We explore the far-reaching implications of low-wage subsidies on aggregate employment. Low-wage subsidies have three … important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by … that there are more unskilled workers associated with a relatively low employment rate. Third, the government budget …

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …