This paper explores how extended unemployment insurance (UI) benefits targeted to older workers affect early retirement … benefits) and program substitution (increased take-up of UI instead of DI). Exploiting Austria's regional extended benefit …

Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …