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

transition, with a view toward understanding the persistent high unemployment experienced in each country. Despite the … significant levels of unemployment in all four countries, labor market developments suggest that the strongest and earliest …

. Microeconometric estimations provide evidence of an outward shift in the relationship between wages and unemployment that is … independent of changes in labor demand taxes and unemployment income …

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 …

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 …