Strulik, Holger; Tyran, Jean-Robert; Vanini, Paolo - Økonomisk Institut, Københavns Universitet - 2006
We develop a simple model of short- and long-term unemployment to study how labor market institutions interact with … labor market conditions and personal characteristics of the unemployed. We analyze how the decision to exit unemployment and … to mitigate human capital degradation by retraining depends on education, skill degradation, age, labor market tightness …