globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups …

sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the …

This paper presents the results of an experimental study on unemployment benefit sanctions. The experimental set …-up allows us to distinguish between the effect of benefit sanctions once they are imposed (the ex post effect) and the effect …. Moreover, the ex ante effect turns out to be substantial and bigger than the ex post effect. Benefit sanctions stimulate the …

effort and benefit sanctions if observed search is deemed insufficient. We find that introducing monitoring and sanctions …

This paper investigates the effect of sanctions of unemployment insurance benefits on the exit rate from unemployment … for a sample of Danish unemployed. According to the findings are that even moderate sanctions have rather large effects … a rather large sample to elaborate on the basic findings. It is shown that harder sanctions have a larger effect, that …

punishment in a social dilemma. Emotional reaction to free-riding incites individuals to apply sanctions when they are available …. The application of sanctions activates a "virtuous emotional circle" that accompanies cooperation. Emotionally aroused …