labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …

Despite strong economic growth, a "U"-curve unemployment phenomenon in Mauritius can be observed. Unemployment plunged … growth of higher-skilled sectors coupled with rigidities in the labor market seem to account for the observed unemployment … by reforming the pay-setting institutions. …

extent of unemployment and labor market churning. With institutions of the type studied here common across many different … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the …

flexibility with state-provided unemployment insurance and can be applied only to new entrants in the market without affecting the …

This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession … countercyclical labor market policies or institutions. …