-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …In this study we examine the contribution of severance pay to employment and unemployment development using data on … collective bargaining coordination, the role of institutions is also more muted than suggested in the literature. …

America, Oceania, and East Asia. This has led to low labor force participation and high unemployment, especially among young … unnecessary evil. Restructuring unemployment and pension benefits will help to increase participation and reverse the decline of …