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This paper evaluates the impact on the transition to work of a policy reform in Belgium that restricted the access to a specific unemployment insurance scheme for young labor market entrants. This scheme entitles youths with no or little labor market experience to unemployment benefits after a...
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This paper considers the optimal level of firm-specific training by taking into account the positive effect of training … employment separation rate by introducing firm-specific training. Firm-specific training creates a rent that is lost if the …. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …
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