There is now ample evidence of a rise in ‘non-standard work arrangements’ in many industrialised economies, yet only rarely does theoretical and empirical work probe the question of why the risk of temporary employment varies. Focusing on temporary employment, the author extends the scope of...

We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel,...