generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further … strengthening patent protection will reduce the returns to entrepreneurship sufficiently to reduce overall economic growth. …

employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the … unemployment rate involves unemployment ins and outs from/to informal jobs. (ii) More than 40% of the fluctuations in informality …

individuals starting a business after a period of long-term unemployment and those individuals with a lack of better employment …

model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as … hiring and firing costs, search frictions with vacancy costs, unemployment benefits, firm entry costs, and a tax wedge …

in Chile is mostly due to a decrease in the in ow transition rate from unemployment as well as an increase in the out ow … transition rates to unemployment and informality. …

wage effects and the response of unemployment to changes in unemployment benefits. The model estimates that the costs of … important policy implications. Because changes to unemployment benefits affect sectors differently, these changes impact the …