the matching process create unemployment and differently skilled workers face different unemployment risks. We show that … unemployment duration the typical Active Labour Market Programme implies a favorable trade-off between equity and efficiency which …

two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Different goods are … both sectors, and (iii) reduces the unemployment rate. The effect of a higher audit rate is less clear. We find that a … ambiguous impact on unemployment and real wages. …

two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Different goods are … both sectors, and (iii) reduces the unemployment rate. The effect of a higher audit rate is less clear. We find that a … ambiguous impact on unemployment and real wages. …

two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers search for jobs … unemployment. A higher audit rate has an ambiguous impact on unemployment, and may actually increase the size of the underground …

We evaluate the impact of specially designed youth unemployment programmes (YUPs), intended to provide young unemployed … unskilled workers with skills. If unemployment among skilled workers is lower than among unskilled workers, YUPs imply that … unemployment falls. However, YUPs potentially crowd out ordinary training. We set up an equilibrium matching model with endogenous …

educated workers and reduces the number of unemployed workers. Characterizing the optimal tax and punishment system, we show …

educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …