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The aim of this paper is to study the optimal duration of unemployment benefit entitlement duration across the business … cycle. We wonder if the entitlement duration should be prolonged in bad and shortened in good times. Because of consumption … duration may be preferable in the US but not in Europe. -- Unemployment insurance ; entitlement duration ; business cycle …
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Immigration Economics synthesizes the theories, models, and econometric methods used to identify the causes and consequences of international labor flows. Economist George Borjas lays out with clarity and rigor a full spectrum of topics, including migrant worker selection and assimilation, the...
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cover -- Contents -- Series Foreword -- Preface -- Introduction -- A Simple Model of Unemployment and Inflation Dynamics -- Unemployment, the Output Gap, and the Welfare Costs of Economic Fluctuations -- Unemployment and Monetary Policy Design in the New Keynesian Model -- Concluding Remarks and...
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