only to prevent unemployment taking place but to have the persons affected brought into new employment on the external … arbeitsmarktpolitisch sinnvoll erscheinen. Ziel dieser Ansätze ist es, Arbeitslosigkeit im Zuge von Entlassungen möglichst erst gar nicht … entstehen zu lassen, sondern die Betroffenen bereits im Vorfeld in neue Beschäftigung auf dem externen Arbeitsmarkt zu bringen …

current employment for the young which serves to redistributebargaining power, and hence income, from the young to the old …

the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …

positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …

a dead-end trap?Cohort data on labour market involvement to age 42 show highly varied pathways throughfull/part-time/non-employment …-time work serves two differentfunctions. A history of full-time work even including spells in part-time or non-employment …

labour market (e.g. Layard, Nickell andJackman, 1991) imply that equilibrium unemployment is independent of the capitalstock …