How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and …

recession and in its aftermath, including the sharp decline in labor force participation and informal employment that is unique … technologies introduced at the trough of the recession bolsters the recovery of GDP, total employment, and labor income, and leads … to a larger expansion in the share of formal employment compared to the no-policy scenario. In the long run, the economy …

Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in … enforced remains to be seen. For the time being, de facto employment protection is far less than de jure, with an enduring … wages, nor are they effectively enforced. During the recent slowdown, average wages adjusted rapidly and employment was soon …

paper is that we explain several stylized facts on labour market using new secondary data on population, employment and …

will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …