people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment; and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

This paper explores the optimal design of subsidies for hiring unemployed workers (‘employment vouchers’ for short) in … vouchers on employment and unemployment, the analysis shows how the optimal policy depends on the rates of hiring and firing … the context of a simple macroeconomic model of the labour market. Focusing on the short-term and long-term effects of the …

This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which …

reducing unemployment, encouraging labour force participation, promoting skills, reducing governments’ budgetary pressures …: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital …