multiple equilibria as a result of the fact that the reservation wage of the unemployed and the lowest production technology in …

Labor market programs may affect unemployed individuals’ behavior before they enroll. Such ex ante effects may differ …

. The data are from a randomized experiment conducted in the Netherlands. They include registers of post-unemployment … monitoring effects on post-unemployment outcomes. We find that the option to climb the job ladder reduces substitution between … search channels during unemployment and compensates for adverse long-run effects of monitoring on wages. We use the …

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 …

In this Paper we define and estimate measures of labour market frictions using data on job durations. We compare … we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

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

Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …

program on aggregate labour market outcomes. This is done by calibrating an equilibrium search model with heterogeneous worker … skills using pre-program data and then forecasting the program impacts. We compare the forecasts to observed aggregate labour …

currently unemployed. We also allow for the composition of the inflow into unemployment to depend on calendar time at the moment …This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time … aggregate unemployment duration data, in which we allow for unobserved heterogeneity and correlated measurement errors. We do …

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 …