lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment …, can explain this disparity. In this chapter we present some estimates of the loss of consumption suffered by unemployed …In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is …

explaining the high and persistent EU unemployment rates, focusing on several labour market institutions like collective …In this paper we analyse the likely effects of Economic and Monetary Union (EMU) on European unemployment. We start by … describing the current unemployment situation in the European Union (EU). In so doing, we try to assess the relative importance …

to non-wage labour costs. We also find positive effects on the transitions from unemployment and temporary employment … account for most new jobs. In 1997, however, the Spanish government attempted to reduce the incidence of temporary employment …Temporary employment contracts allowing unrestricted dismissals were introduced in Spain in 1984 and quickly came to …

‘atypical’/temporary/part-time employment contracts for new entrants in the labour market. As a result, the incidence of … other countries. Secondly, we address the puzzle of why temporary employment in Spain remains so high, despite recent labour … contrast with other institutional reforms of the labour market, there seems to be a common strategy of maintaining strict …

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 …

, finally, (vii) What is the overall cross-country time-series evidence regarding the employment effect of the minima? The aim …

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 …

recent differential unemployment persistence in our sample of countries: first, sluggishness in labour demand, and second …In this paper we present an investigation of unemployment persistence in Japan, the United States and fourteen European … economies. We concentrate on the sources of slow adjustment in the labour market, such as sluggishness in labour demand and …

We extend the `rational partisan model' of inflation and unemployment by introducing inflation and unemployment … stability. The greater aversion of `socialists' to unemployment results in an inflation rate which is higher by five percentage … points than under the more anti-inflationary `conservatives'. Unemployment seems to be independent of the identity of the …