This paper provides an empirical account of the dynamic return to work, and how this is affected by taxes and benefits. In doing so we bring the insights from the literature on dynamic labour supply to the issue of estimating the financial return to work and how it is taxed, where the past...

The paper shows that the principal can enhance her control over the agent's human capital by acquiring the physical capital that is critical for him to create value. However, the enhancement in the control necessarily reduces his incentive to make human capital investment ex ante and to exert...

Viele Erklärungsmuster der Arbeitslosigkeit sind unbefriedigend, weil das Verhalten der Arbeitsnachfrageseite in Bezug auf ihre Motivation der Arbeitsplatzschaffung und ihrer hierarchisch- organisierten Struktur unzureichend in die Betrachtungsweise einbezogen werden, wodurch die Unternehmung...