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This paper provides a critical view of the cross country literature on the impact of labour market institutions and policies on the evolving pattern of unemployment in OECD countries. Such widely used indicators as the generosity of unemployment insurance or the strength of trade unions are...
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In this paper we use a dynamic structural life-cycle model to analyze the employment,fiscal and welfare effects induced … unemployment insurance benefitswhich depend on an individual's employment and earnings history. The model also capturesthe … employment and yields a bigger fiscal saving than a cutoperationalized as a reduction in the replacement ratio. Welfare analysis …
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behaviour is more complex – themodel generates plausible joint dynamics of employment, unemployment and participationwith …
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