In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the … accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the …

In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …

The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as …

to reduce the currently high unemployment among the low-skilled dramatically. Among the high-skilled, scarcities will …

We reassess the “scarring” hypothesis by Clark et al. (2001), which states that unemployment experienced in the past … from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment “scars” because …

programme when they take into account that workfare is a condition for remaining eligible for unemployment benefits. This … outside option becomes less attractive. Introduction of workfare policies into an unemployment insurance scheme is shown to … contribute to a reduction in both open and total unemployment. It is also shown that the direct search effects of workfare …

affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …