excessively high and their employment excessively low. These inefficiencies are usually magnified through unemployment benefit … systems. This paper examines how these problems can be tackled through "employment vouchers," i.e., hiring subsidies or tax …. The employment vouchers considered here reduce unemployment and impose no cost on the government, since they are financed …

in economic growth. However, there are two different views regarding to the effects of technology on employment. A … negative insight of technology on employment insists that a simple labor-saving technology innovation like the introduction of … industries causes ultimate growth in the industry, and subsequently requires more employment. This is the income effect of …

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 …

of routine employment and its consequent impacts on inequality. …

likely to reduce employment, then hourly wages and then hours worked, regardless of the source of the shock. Results for the … hours worked suggesting an asymmetric reaction to positive and negative shocks. Finally, we show that strict employment …We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages …

match formation. Distortions and frictions reduce employment, average firm size, and GDP per capita. They also affect how …