According to the Hutchens (1999) model, early retirement is not explained as a result ofmaximizing expected individual utility but rather as a demand-side phenomenon arising froma firm’s profit-maximizing behaviour...

To assess the employment effects of labor costs it is crucial to have reliable estimates of thelabor cost elasticity of labor demand. Using a matched firm-worker dataset, we estimate along run unconditional labor demand function, exploiting information on workers to correct forendogeneity in the...

This paper analyses theoretically and empirically how employment subsidies should betargeted. We contrast measures involving targeting workers with low incomes/abilities andtargeting the unemployed under the criteria of "approximate welfare efficiency" (AWE)...

This paper examines the causes and consequences of changes in the incidence ofentrepreneurship in the UK. Self-employment as a proportion of total employment is high byinternational standards in the United Kingdom, but the share has fluctuated over time. Weexamine the time series movements in...

This paper provides a systematic empirical investigation of the effect of product marketliberalization on employment when there are interactions between policies and institutions inproduct and labor markets...

This paper empirically analyzes whether the character-based approach, which is based onthe personality structure and the human capital of business founders, allows prediction ofentrepreneurial success...

We develop a structural multi-factor labour demand model which distinguishes between eightlabour categories including non-standard types of employment such as marginalemployment. The model is estimated for both the number of workers and total working hoursusing a new panel data set...

We review the burgeoning literature on the employment effects of minimum wages – in theUnited States and other countries – that was spurred by the new minimum wage researchbeginning in the early 1990s. Our review indicates that there is a wide range of existingestimates and, accordingly, a...

This paper contributes to the policy-relevant question whether self-employment is a way outof (long-term) unemployment. We estimate the relationship between the entry rate into selfemploymentand previous (long-term) unemployment on the basis of pseudo-panel data forGermany in the period 1996-2002...

This paper employs data from the German Socioeconomic Panel (GSOEP) anddata from the German Social Insurance Statistics to study nascententrepreneurship. In particular, micro data from the GSOEP characterizingemployees and nascent entrepreneurs is combined with regional characteristics.Firstly,...