little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …

unemployment duration on the re-employment wages for workers 40 years of age and older are empirically estimated using a quasi …-structural model. The findings indicate that the re-employment wages for workers over age 40 decrease by 0.9% for each month that a … worker remains unemployed. Hence, the longer the worker remains unemployed, the lower are his/her re-employment wages. The …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and turbulence has especially …