This paper explores the optimal design of subsidies for hiring unemployed workers (?employment vouchers? for short) in the context of a dynamic model of the labor market. Focusing on the short-term and long-term effects of the vouchers on employment and unemployment, the analysis shows how the...

Conventional models of earnings assume that the occupational pay structure reflects the distribution of marginal productivities. Although ubiquitious in the literature, the underlying hypothesis that wages equal marginal products rests on weak empirical footing: extant studies from the 1970s...

Conventional models of earnings assume that the occupational pay structure reflects the distribution of marginal productivities. Although ubiquitious in the literature, the underlying hypothesis that wages equal marginal products rests on weak empirical footing: extant studies from the 1970s...

Dale T. Mortensen (born 1939) was awarded the Nobel Prize for Economics in 2010 jointly with Peter A. Diamond and Christopher A. Pissarides for his work on the analysis of markets with search frictions. Together, they developed the Diamond-Mortensen-Pissarides Model (DMP model): an equilibrium...

This article critically examines the theoretical arguments that underlie the literature linking personality traits to economic outcomes and provides empirical evidence indicating that labour market outcomes influence personality outcomes. Based on data from the German Socio-Economic Panel, we...

Nach dem »Mainzer Modell« erhalten Bezieher von niedrigen Erwerbseinkommen bei Neuaufnahme einer sozialversicherungspflichtigen Beschäftigung Zuschüsse zu ihren Sozialversicherungsbeiträgen. Nach Meinung von Dr. Hans-Peter Klös und Holger Schäfer, Institut der deutschen Wirtschaft Köln,...

"Der Beitrag stellt das numerische allgemeine Gleichgewichtsmodell PACE-L (Policy Analysis based on Computable Equilibrium, Labour market module) in kompakter Form vor. Dieses quantitative gesamtwirtschaftliche Modell wird am IAB zur Beurteilung von beschäftigungsrelevanten Reformvorschlägen,...

"This article examines if occupations contribute to social closure by their structural characteristics. For this purpose the four structural indicators occupational specificity, standardization by training regulation, voluntary certification by private educ-tional providers and representation by...