changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …

evaluates the probability to drop out of labor force as well as subsequent match quality based on re-entry wages and re … exit hazard from unemployment, and to a 2.5 percent decrease in the drop out hazard. It is also associated with a 0.5 EUR … increase in the daily re-entry wages and a 0.4 percentage point increase in the probability to have tenure of at least a year …

real wages in the euro area and OECD countries / Julián Messina, Chiara Strozzi and Jarkko Turunen -- 3. Pension systems …