labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary …) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly …The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of …

employed to unemployment facilitates a reduction in the level of employment protection; that unemployment benefits are lower …, the more employment reacts to wages; and that a higher level of unemployment and a right-wing government slow down the …In this paper we argue that many of the rigidities that characterize European labour markets can be understood as the …

In this Paper, I analyse the pros and cons of implementing structural reforms of the labour market in booms versus …

specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment … for employment protection, provided it is uniform across workers and not specifically higher for older workers. It …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … benefits, `benefit transfers', would help replace the unemployment trap by providing an incentive to seek and provide jobs. The …

With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate …

Unemployment insurance and employment protection are typically discussed and studied in isolation. ln this paper, we … employment protection - in the form of layoff taxes; indeed, optimality requires that layoff taxes be equal to unemployment …, risk neutral firms, and random shocks to productivity. We show that, in the 'first best', unemployment insurance comes with …

We use three general equilibrium frameworks with jobs and unemployed workers to study the effects of government … mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … representative family model with employment lotteries has no labour market frictions and complete markets. The adverse welfare state …

lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment …, can explain this disparity. In this chapter we present some estimates of the loss of consumption suffered by unemployed …In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is …

people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced …