benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market …

This paper describes an equilibrium labour market in which an unemployment benefit system cannot raise the average … unemployment is high, but pays much lower rates in booms. By targeting unemployment compensation to recessions, when being … unemployed is particularly costly, this policy provides insurance equivalent to that provided by the current system. By reducing …

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to …

Contrary to standard search model predictions, prior studies failed to estimate a positive effect of unemployment … insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression … unemployment. This implies a negative relationship between the UI unemployment duration and wage effects, which holds empirically …

number of good jobs. Minimum wages and unemployment insurance encourage workers to wait for higher wages, and therefore … often increase unemployment, will increase average labour productivity and may improve welfare. The paper then briefly … composition of jobs improves considerably in response to higher minimum wages and more generous unemployment benefits. …

The potential duration of benefits is generally viewed as an important determinant of unemployment duration. This Paper … evaluates a unique policy change that prolonged entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 …

unemployment insurance on labour supply. A review of the evidence leads us to stress the importance of non-market clearing as the … framework of wage setting. Finally, the issue of structural unemployment is addressed and we conclude that structural change and … labour immobility were not such an important cause of interwar unemployment as is sometimes thought. …

also find that the quality of the post-unemployment jobs was not affected by the activation program. Both findings confirm …

The administration of benefits is a relatively neglected aspect of the analysis of disincentive effects of unemployment …