dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …

-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm …

combinations of skills and thereby 'resegment' the labour market, raising the wages and job opportunities of some workers relative …

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning … opportunities differ across workers determine simultaneously the long-run level of employment and the long-run rate of growth. We … rates but not necessarily less employment. The effects of redistributive policy measures among workers depend on the form of …

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

for employment protection, provided it is uniform across workers and not specifically higher for older workers. It …