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In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long-term by its equilibrium rate, which in turn is affected by permanent shocks of some exogenous variables. In our empirical approach we decompose the dynamics of employment and...
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In the United States, many laid-off workers are recalled to their former employer. I develop an asymmetric information model of layoffs in which high productivity workers are more likely to be recalled and may choose to remain unemployed rather than accept a low-wage job. In this case,...
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Fokus auf Risiken auf dem Arbeitsmarkt. In Kapitel 1 wird die Wirkung einer Lohnsubvention, dem sogenannten Ausbildungsbonus … einen erfolglosen Werdegang auf dem Arbeitsmarkt vermeiden. Obwohl die Subvention theoretisch Anreize setzt … generelles Maß für den Qualifikations-Mismatch, um Friktionen auf dem Arbeitsmarkt im breiten Umfang darzustellen. Die Ergebnisse …
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