investigate how unemployment is affected by different labour market institutions (LMI) such as labour taxes, unemployment benefits …The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … have experienced a mild increase, other countries have had a stable unemployment rate, while there are also ‘successful …

Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions … elections. These results support the view that social capital complements democratic institutions such as elections. …

categorized into three subsystems: a policy system; markets, trade, and institutions; and a production system. Within each of …

We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts …

private credit to decline. Stronger financial institutions boost default costs by amplifying these balance-sheet effects. This … public debt and financial institutions are stronger; in these same countries default is less likely. …

This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can … identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that … institutions. A range of evidence indicates that participatory democracies enable higher-quality growth. …

economy, on the external side international agreements and supranational institutions -- that solved problems of commitment …