The existing literature on inequality between private and public sectors focuses on cross-section differences in earnings levels. Forward-looking agents, however, care about income and job mobility too, which we show are substantially different between the two sectors. Using data from the BHPS,...

This paper models the relationship between income and reported well-being using latent class techniques applied to panel data from twelve European countries. Introducing both intercept and slope heterogeneity into this relationship, we strongly reject the hypothesis that individuals transform...

Employment protection legislation (EPL) is an important labour market policy whose strictness differs greatly across OECD countries. The collection of articles in this Feature provides new theoretical and empirical results which highlight the impact of EPL on productivity, job and firm turnover,...

This paper offers a simple approach to study steady-state Markov perfect equilibria arising in dynamic games when players (are obliged to) commit their actions for several periods. It highlights the importance of spillovers and dynamic strategic interactions when assessing the various time...