The objective of this paper is to study equilibrium in a labour market with search frictions à la Burdett and Mortensen (1998). Identical firms post wage-contracts and ex-ante identical workers search for a job while unemployed and for a better one while employed. Although this situation has been analysed before, Stevens (2004) and Burdett and Coles (2003), the main novelty of this paper is to ...

This article is based on the 24th annual Bill McWilliams memorial lecture which was delivered at Institute of Criminology in Cambridge 9 June 2022. Coinciding with first anniversary unification probation services England and Wales, considered recent past, present potential future service through lens a central concept work: namely, rehabilitation. Three ways understanding this are considered: r...