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n this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...
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average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …
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significant impact on overtime work, while labour market conditions, represented by the unemployment rate, do not. The elasticity …
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institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew …
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Diamond (1994) that an individual?s probability of leaving unemployment decreases with unemployment duration and increases …
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This study examines individuals? unemployment experiences from the age of 18 up to the age of 35 using a large panel of … administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus … is on the extent to which individuals? unemployment experiences are affected by regional and skill differences, i …
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