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 …

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 …