differ in workers’ productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after … strength of the initial shock to employment. In the long run, the system asymptotically converges to full employment of all … groups. If the rate of job destruction is sufficiently low, the unemployment rates can get close to steady-state values …

; subsidised employment ; public works ; unemployment benefits ; Public Employment Service …The paper investigates exit probabilities of registered unemployed to active labour market programmes using … administrative records from the unemployment register of the Hungarian National Labour Centre. We estimate parametric duration models …