employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after … strength of the initial shock to employment. In the long run, the system asymptotically converges to full employment. If the … rate of job destruction is sufficiently low, the unemployment rates can get close to steady-state values during the …

non-participation, as a distinct state from unemployment and employment, is determined by the welfare system in … such as education, skill degradation, age, labor market shocks, labor taxes, unemployment insurance benefits and social … assistance. We extend our framework by allowing for time-inconsistent choices and demonstrate the possibility of an unemployment …

Generous income support programs as provided by European welfare states have often been blamed to hamper employment …

Generous income support programs as provided by European welfare states have often been blamed to hamper employment …

Generous income support programs as provided by European welfare states have often been blamed to hamper employment …

of routine employment and its consequent impacts on inequality. …