The effects of EMU on euro area unemployment

The author analyzes the likely impact of EMU and the associated changes in the monetary, economic, and institutional environment on European labor markets in an open economy model. He shows that in this model, the formation of a monetary union (MU) has no effect on unemployment if the participating countries were part of a fixed exchange rate regime before entering the MU and if the monetary policy of the common central bank resembles that of the former anchor bank. In addition, he discusses various cases in which this conclusion does not hold and where one can expect an impact of EMU on structural unemployment.     

A microeconometric evaluation of rehabilitation of long‐term sickness in Sweden

In this study the effects of various types of rehabilitation programmes on labour market outcomes are estimated. A main feature of this study is that it jointly evaluates multiple treatments by nonparametric matching estimators. The study is based on a large sample of persons in western Sweden who are long‐term sick and could participate in rehabilitation programmes. Our results suggest that workplace training is superior to the other rehabilitation programmes with respect to labour market outcomes, but compared to non‐participation no positive effects are found. Copyright © 2004 John Wiley & Sons, Ltd.     

The Economic Impact of AIDS Treatment: Labor Supply in Western Kenya

Using longitudinal survey data collected in collaboration with a treatment program, this paper estimates the economic impacts of antiretroviral treatment. The responses in two outcomes are studied: (1) labor supply of treated adult AIDS patients; and (2) labor supply of individuals in patients' households. Within six months after treatment initiation, there is a 20 percent increase in the likelihood of the patient participating in the labor force and a 35 percent increase in weekly hours worked. Young boys in treated patients' households work significantly less after treatment initiation, while girls and adult household members do not change their labor supply.     

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Applications of Business Theatre in New Service Development

Applying business theatre can not only make a contribution in the context of change management, learning and development processes in companies, but also in the new service development (NSD) process. The authors show how business theatre can be applied in each step of NSD and present insights that they gained from a students’ and a research project. As service theatre addresses the “emotional side”, it is an ideal complement to a systematic NSD approach that addresses the “rational side” of a service.