Since the early 1980s, Dutch productivity rates have been driven by a shift from traditional mass production firms to lean production. It slightly counteracted the generally acknowledged procyclical productivity rates; instead of working less hard during the recession of the 1980s and 1990s,...

This discussion paper has resulted in an article in 'Economica', 2002, 69(273), 21-40.

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...

Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in...