employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

This paper provides new evidence on the effect of the 2012 reform on flows from UB to employment. The reform increased … the steepness of the time profile of unemployment benefits by raising the initial benefit, lowering its long-term level … system led to an increase in flows towards employment or inactivity either in the aggregate or when comparing groups of …