various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …

The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential …

This paper presents empirical estimates of the policy and structural determinants of the natural rate of unemployment … real wages to their equilibrium level. Estimates are presented showing how the generosity of the unemployment insurance … system is related to past levels of unemployment. The empirical results indicate that government policies have been largely …

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