What were the asserted complementarities between the welfare state and full-employment policies, and why do these complementarities look less convincing today?

What were the asserted complementarities between the welfare state and full-employment policies, and why do these complementarities look less convincing today?

What were the asserted complementarities between the welfare state and full-employment policies, and why do these complementarities look less convincing today?

A large number of empirical studies exist now for Australia reporting evidence consistent with the endogeneity of the participation rate. None of these models examine the possibility that the elasticity of the workforce with respect to employment might vary systematically over the business...

Excessive levels of firing costs have been consistently blamed for the relatively weak employment in Europe, yet the concusions to be drawn from the literature are somewhat ambiguous. The paper re-examines the impact of adjustment costs under uncertainty.