This paper analyzes how life-cycle unemployment of former apprentices depends on the size of the training firm. We … start from the hypotheses that the size of training firms reduces long-run cumulated unemployment exposure, e.g. via …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

small reduction in the unemployment benefits, or introducing a small cash bonus for workers that get a new job, may have no … e.ect on unemployment in some cases, while eradicating significant levels of unemployment in other cases. Our analysis … multiple equilibria may exist in a game involving both workers and an unemployment-averse government. Furthermore, we explore a …