The effect of early release of prisoners on Home Detention Curfew (HDC) on recidivism Olivier Marie, Research Centre for Education and the Labour Market (ROA), Maastricht University and Centre for Economic Performance (CEP), London School of Economics Karen Moreton, Offender Management Analytical Services, Ministry of Justice Miguel Goncalves, Justice Statistics Analytical Services, Ministry of...

We illustrate the di±culties raised by four features of realistic transition models in labour economics: dimensionality, institutional constraints, persistence and sample attrition. We estimate a multi-spell multi-state transition model using longitudinal data on the 1988 cohort of male school-leavers in North-West England. The model predicts transitions between college, the government Youth Tr...

The pervasiveness of the entrepreneurial phenomenon attracts the attention on the determinants of the decision of becoming entrepreneur. As the entrepreneurial decision can be additionally conceived as firm entry, as a real business investment in the creation of a new business and as a career choice in favour of self-employment, the literature about entrepreneurship is integrated with industria...

Post Keynesians [hereafter PK] fashion their theory of employment (i.e., private sector labordemand hiring) utilizing Keynes's general theory. Entrepreneurial demand for hiring workers is derived from the point of effective demand determined in product markets. Since Keynes's "general" theory requires fewer restrictive axioms than the axiomatic theory underlying both classical economics (new an...

The article reassesses the contribution of Sir Arthur Lewis’s 1954 article entitled ‘Economic Development with Unlimited Supplies of Labour’ to our understanding of economic development, and to the establishment of development economics as an academic discipline. It argues that Lewis’s key insight into the structural dualism characterising developing countries mapped out a new and distinctive f...

Due to the lack of consistent data, direct and robust comparisons of cross-country labour markets have been virtually impossible. This study uses a new panel data series that controls for inconsistencies, thus overcoming this problem. This study estimates gender wage differentials and gender discrimination in the German and United Kingdom labour markets. Panel estimates are used to identify gen...

India is being widely recognised as one of the most exciting emerging economics in the world. Besides becoming a global hub of outsourcing, Indian firms are spreading their wings globally through mergers and acquisitions. During the first four months of 1997, Indian companies have bought 34 foreign companies for about U.S. $11 billion dollars. This impressive development has been due to a growt...

The existence and persistence of large spatial disparities in unemployment within national economies is a central issue in regional economics. Previous empirical analyses have largely disregarded the role of fundamentals. On the contrary in this paper we explore the link between labour productivity, international trade and regional unemployment differentials. We base our empirical analysis on t...

Labour market reforms face very often opposition from the employed workers, because it normally reduces their wages. Also product market regulations are regularly biased towards too much benefitting the firms. As a result there remain many frictions in both the labour and product markets that hinder an optimal functioning of the economy. These issues have recently received a lot of attention in...

This paper develops a model of intellectual labor augmentation to explain both the marriage wage premium and educational assortative mating. We suggest that husbands and wives are complementary factors of production where a spouse’s education and skills augment their partner’s productivity and earnings potential. We test this proposition using data from the 2000 U.S. Census of Population and th...