The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …

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 …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …/low-wage environment. Based on a comparison of actual and counterfactual wage distributions, the effects of nominal wage rigidities on real … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K …

differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining … leads to lower wage inequality for different skills, industries and population groups, but has not investigated its impact … productivity and unemployment differentials. …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes … policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of …

trap if unemployment lowers household wealth below the cost of skills acquisition. …

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and …