models where, in some regions, workers reduce effort in response to higher wages, but differs in that firms never operate in … performance related pay (PRP) flattens the pay-tenure profile. Wages and effort increase over the lifecycle, both with and without …

its strength and weakness, discuss its connections with theory, and draw out potential policy implications of its findings …

We derive a sufficient statistics optimal tax formula in a general model that incorporates unemployment and endogenous … wages, to study the shape of the tax and transfer system at the bottom of the distribution. The sufficient statistics are … resembles a Negative Income Tax than an Earned Income Tax Credit relative to the case where unemployment and wage responses are …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

of in-work benefits on search intensity, participation, employment, and unemployment, compared to a framework in which … wages are fixed. We also account for the financing of these benefits and determine the level of benefits necessary to …

higher wages as adults. The positive effect is concentrated in grades 1-3 and on programs that targeted schools with a higher …

reservation wages. To be specific, we model the duration of unemployment, reservation wages and expected wages simultaneously for …In this paper we analyse the role of wage expectations in an empirical model of incomplete spells of unemployment and … based on the British Household Panel Survey, suggest that WFTC eligibility served to increase expected wages and that …