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This dissertation contributes to the understanding of wage risk and its implication for the macroeconomy. The first chapter links differences in unemployment risk between countries to differences in product market regulation. I think of unemployment risk arising from search frictions in the...
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of different economies and welfare policy regimes: Denmark, Italy, Portugal and United Kingdom. We then simulate, under …
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of different economies and welfare policy regimes: Denmark, Italy, Portugal and the United Kingdom. We then simulate … in Italy and Portugal universal policies appear to be too costly in terms of implied top marginal tax rates and in terms …
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, Portugal and Spain. After reviewing the existing system of social assistance in each country, we apply a consistent methodology …
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