high severance payments are likely to decrease unemployment but systematically decrease welfare and raise inequality …

insiders to firing restrictions does not necessarily worsen unemployment. In fact, it may be the willingness of a majority of … unemployment and deteriorates efficiency. Moreover, we argue, that the concentration of firm ownership is likely to influence labor …

Why do many democracies fail to reform their labor market institutions? We study the feasibility of reforms that … unemployment may be constrained Pareto-efficient. Consequently, no reform is accepted unanimously by voters. We show that this … low rates of unemployment can be removed in the political process while high rates of unemployment tend to be politically …

High unemployment in many OECD countries is often attributed, at least in part, to the generosity and long duration of … unemployment compensation. It is therefore instructive to examine a country where high unemployment exists despite the near … complete absence of an unemployment insurance system. In South Africa unemployment stood at 23% in 1997 and the unemployed have …

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …