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little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … smaller training costs, so that the welfare implications of each type of economy are a priori ambiguous: no model dominates …
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economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the …
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This paper provides evidence that finishing school when labour markets are weak leads to poor subsequent labour market prospects, particularly those leaving school at younger ages. Using administrative register data from Denmark, we find that these scarring effects are larger and more persistent...
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This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative aggregate shocks move the hiring cutoff into a part...
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particular the basics of probability theory, the models of social risks of unemployment in terms of occupational groups and …
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