This paper examines the impact on unemployment, unemployment distribution, wages and welfare of Youth Unemployment Programmes (YUPs). The aim of YUP is to increase the number of young people acquiring skills. We assume that the YUPs are a complete success and consequently analyse what happens...

This paper introduces an index of tax optimality that measures the distance of some current tax structure from the optimal tax structure in the presence of public goods. In doing so, we derive a [0, 1] number that reveals immediately how far the current tax configuration is from the optimal one...

We analyze firms’ incentives to cluster in an industrial district to benefit from <p> reciprocal technology spillovers. A simple model of cumulative innovation is presented <p> where technology spillovers arise endogenously through labor mobility. It is <p> shown that firms’ incentives to cluster are...</p></p></p>

As a main principle, income is taxed when earned. This principle is <p> broken in case of unrealized capital gains (recovered depreciations, unrecorded <p> intangible assets etc.). Such incomes are taxed when realized or the ‘latent tax’ is <p> passed on to the new owner (tax succession). In Denmark,...</p></p></p>

In the literature on cost-effectiveness analyses, there has recently been considerable debate on <p> the way of measuring the production gain caused by a new treatment as well as its proper evaluation. <p> In this paper, we propose a general framework for the discussion of such questions in the form...</p></p>

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The balance of payments of Greenland has special features due to an important current transfer, bloktilskud, from Denmark. The trade balance does not exhibit a deficit of this order of magnitude but comparison of the bloktilskud and the deficit is difficult as official figures are available for...

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Participation rate on the Greenland labour market: situation of year 2000. A goal is that a large part of the population of normal working age is employed. The participation rate is one of the statistics used to describe the performance of the economy in this respect. Two sources are used to...