institutions will have to start technical and professional education programs. Several new educational institutions will have to be …

During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper … political constraints, the prevalence of ideology, and agency issues within those bureaucracies concerned with the unemployment … problem. Some speculative thoughts are offered as to why those factors might be more stringent in countries where unemployment …

negative duration dependence of exit rates from unemployment. Our model has a number of novel testable implications. For …

We develop a theoretical nonlinear model of equilibrium unemployment and test its policy implications for a number of … OECD countries. The theory here sees the natural rate and the associated equilibrium path of unemployment as endogenous … demanding more or less social protection. The results from a dozen OECD economies appear to confirm a pattern of unemployment …

restricted conditions. Constitutional institutions might be necessary to incentivize explicit cooperation – the anti …

-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to …