This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when … from the hold-up problem that arises since workers are not residual claimants of the human capital rents. On the other hand … outsiders and share the reduced rents with them. However, full employment is not necessarily reached and in any case investments …

This paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the … transitions. The results are largely negative; there is robust evidence of falling rents during that period only in Ireland. …

of rents, measured by the value added price relative to the GDP price, is assumed to depend solely on direct anti …-competitive regulations on services and goods. The second step explains the rent sharing process. Three destinations of rents are …; iii) increase with the interaction of rent size and the unemployment rate and decrease with the interaction of rent size …

This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when … from the hold-up problem that arises since workers are not residual claimants of the human capital rents. On the other hand … outsiders and share the reduced rents with them. However, full employment is not necessarily reached and in any case investments …

Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment … costeffective and efficient means of reducing unemployment, during both periods of economic stability and recovery. …

models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …