shown that a fixed payment will lower wages, leave employment and welfare unaffected if there are no wage-dependent taxes … firing costs and unemployment benefits are independent of redundancy pay, employment and welfare will rise with redundancy …

distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …

distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …

The impact of a stronger work requirement for welfare recipients in a workfare program is studied in an efficiency wage … model where a representative firm chooses its level of monitoring activities. A stricter workfare policy raises employment … ambiguous. Utility levels of employed workers and welfare recipients may increase even if the net wage declines. The utility …

The impacts of introducing work requirements for welfare recipients are studied in an efficiency wage model. If the … workfare package is not mandatory, it will reduce employment, profits, and utility levels of employed and unemployed workers … variation in the net wage. The possibility of a Pareto improvement may explain the widespread support for welfare to work …

The impact of a stronger work requirement for welfare recipients in a workfare program is studied in an efficiency wage … model where a representative firm chooses its level of monitoring activities. A stricter workfare policy raises employment … ambiguous. Utility levels of employed workers and welfare recipients may increase even if the net wage declines. The utility …