This paper studies the impact of an increase in the enforcement of labor regulations on unemployment and inequality … workers) leads to: higher unemployment, less income inequality, a higher proportion of formal employment, and a lower formal …

have boosted German competitiveness, resulting in higher exports, higher production and lower unemployment. This … explains the gains in competitiveness but increases unemployment and inequality, and the subsequent labour market reforms lower … unemployment by lessening the reservation wage and expanding the non-tradable sector. The model replicates the developments of the …

The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty …: unemployment vouchers and low-wage subsidies. The unemployment vouchers are targeted exclusively at the unemployed (especially the … workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

have higher wage dispersion. We also examine the relationship between unemployment benefits and job search. …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterised by economic …

with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short …