In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real … indication of adverse effects for (the three) other employment outcomes identified here. Moreover, with the possible exception of …

specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment … for employment protection, provided it is uniform across workers and not specifically higher for older workers. It …

tracing key labor market indicators such as employment, unemployment, labor force participation, working hours, and real wages …

To assess the employment effects of labor costs it is crucial to have reliable estimates of the labor cost elasticity …, exploiting information on workers to correct for endogeneity in the determination of wages. We evaluate the employment and … employment by 17% for white-collars and by 53% for blue-collars, with associated deadweight losses of 10% and 35% of total …

of time-varying policy and institutional regressors. Yet another is our examination of unemployment and participation … outcomes in addition to employment effects. We report strong evidence of adverse employment effects among adult females and … lower participation, even if the unemployment effects are muted. Although we report some similar findings to Neumark and …

people’s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced …

system, people are in effect rewarded for being unemployed (through the unemployment benefits) and penalized for being …We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under … the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the …

This paper studies the relationship between employment and wage structures in West Germany based on the IAB employment … evolution of relative employment measures, we estimate elasticities of substitution between employees in three different skill … groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …