We use individual data for Great Britain over the period 1992-2009 to compare the probabilitythat employed and unemployed job seekers find a job and the quality of the job they find. Thejob finding rate of unemployed job seekers is 50 percent higher than that of employed jobseekers, and this...

We explore whether finance influences the impact of labour market institutions onunemployment. Using a data set of 18 OECD countries over 1980-2004, we estimate a panelVectorAutoRegressive model. We check whether causalities from labour market variables tounemployment are affected by financial...

This paper studies the impact of product and labor market regulations on informality andunemployment in a general framework where formal and informal firms are subject to thesame externalities, differing only with respect to some parameter values. Both formal andinformal firms have monopoly...

Payroll taxes represent a major distortionary influence of governments on labor markets. Thispaper examines the role of payroll taxation and the social safety net for cyclical fluctuations ina nonmonetary economy with labor market frictions and unemployment insurance, when thelatter is only...

This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, nonational monetary policies have been implemented that could account for volatilitydifferences across member...