This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment …

public unemployment insurance program requiring a significant premium payment. A safety net program--a less generous, means …

unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner’s model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …

We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960 …-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host … unemployment; an increase equal to one percent of GDP reduces un-employment by 0.2 percentage point in the same year. The effect is …

economic theory of individual utility. …

improving in the long run. Consistent with the theory of second-best, the two distortions in this context work to correct the …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …