the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism … employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model …

in geographical mobility, unemployment and labour market institutions. Rational agents vote over unemployment insurance … (UI), taking the dynamic distortionary effects of insurance on the performance of the labour market into consideration … labour mobility and increases, therefore, the fraction of attached agents and the political support for UI. The main result …

. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … predictions of our simple model are consistent with the contrasting performance of the labour market in Europe and the United … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies …

We study the evolution of sectoral employment and labour cost in 11 European countries over the last two decades. Our … countries and industries in employment growth, whereas country-specific effects are more important in the analysis of labour … employment. We pay special attention to Spain, a country that has experienced a high persistent unemployment rate, and show that …

It is widely believed that the integration of European economies will have little impact on labour mobility. This does … not mean, however, that European labour markets will be unaffected by the process of economic integration. In this paper …

reductions in other sectors. The union campaign aimed to increase employment through ‘work-sharing’, and is being emulated in the …

relative to male wages, but female employment has fallen 5 percentage points more than male employment. Using the German Socio … of the hazard rate from employment. Differences in mean 1990 wages explain more than one-half of the gender gap in this … hazard rate, since low earners were more likely to leave employment, and were disproportionately female. The withdrawal from …

lower unemployment. Whether ‘work-sharing’ works – whether employment rises when hours per worker are reduced – is … standard hours, employment rose by 0.3–0.7%, but that total hours worked fell by 2–3%, implying possible output losses. As a … group, however, workers were better off as the wage bill rose. The employment growth implied by the mean standard hours …

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …, contributed to an employment shortfall equivalent to 40 percent of the missing employment decline in the recession. Another 20 …

with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns … respond endogenously. In general, this regulation benefits workers, both unemployed and employed (even if wages decrease), but … reduces profits and and output. Employment effects are sensitive to the representation of preferences. In our benchmark, small …