We document the presence of a trade-off between unemployment benefits (UB) and employment protection legislation (EPL …) in the provision of insurance against labour market risk. Different countries’ locations along this trade-off represent … the strictness of EPL, the generosity of UBs and the amount of redistribution involved by the financing of unemployment …

We document the presence of a trade-off between unemployment benefits (UB) and employment protection legislation (EPL …) in the provision of insurance against labour market risk. The mix of quantity restrictions and price regulations adopted … two dimensions: employment status — there are insiders and outsiders — and skills — low and high skills. We show that if …

A common explanation of low unemployment rates in the Czech Republic (CR) is the stance of active labour market … unemployment into employment. … quarterly data from employment office districts, we estimate the effects of ALMPs on the job matching process in the CR. In so …

potentially significant impact of product and labour market regulations on employment and its composition. The evidence presented …The increasing literature on the interactions between liberalization-integration of product markets and labour market … frameworks are often lacking, making it difficult to identify the linkages with observed outcomes in the labour and product …

Employment protection legislations (EPL) are not enforced uniformly across the board. There are a number of exemptions …

This paper investigates the implications of budgetary policies for consumption and economic growth. We present a model … a rise in government debt, financed by lump-sum taxes, increases the share of private consumption to national income and … reduces the long-run growth rate. We also show that a rise in government consumption financed by lump-sum taxes reduces both …

natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …

This paper investigates the border between formal employment, shadow employment, and unemployment in an equilibrium … employment through a mechanism that is akin to tax evasion. From the labour supply side, heterogeneous workers sort across the … employment is correlated with unemployment, and it is tolerated because the repression of shadow activity increases unemployment …

We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections … are associated with higher inflation, with the exception of the Thatcher period. There is no evidence that the Labour …

The adjustment of labour markets during transition has been quite different from that anticipated by the Optimal Speed … of Transition (OST) literature. In particular, it has involved stagnant unemployment pools, large flows to inactivity and … strikingly low workers' mobility especially when account is made of the changes occurring in the structure of employment by …