most effective program to bring down unemployment. Public employment services have some impact while subsidized jobs are …We present a theoretical and empirical analysis of different types of active labour market policies (ALMP). In our … empirical analysis we use data on 20 OECD countries covering the time period 1985-99. We find that labour market training is the …

Employment protection is often related to costs incurred by firms when they fire a worker. The stability of the … employment relationship, enhanced by employment protection, is also favourable to the productivity of the job. We analyse … employment protection focusing on this trade-off between adjustment costs and productivity. We show that from a welfare point of …

This Paper explores the optimal interaction between the tax system and unemployment compensation in insuring people … against the risks of involuntary unemployment and low ability. To that end, we introduce search unemployment in a model of … and the unemployment benefit) increases if, for efficient agents, the participation constraint (governing job search …

This Paper presents the results of an experimental study on unemployment benefit sanctions. The experimental set … that discourage the unemployed from risking benefit sanctions (the ex ante effect). We find that both effects matter … outflow from unemployment. …

We model how unemployment benefit sanctions - benefit reductions that are imposed if unemployed do not comply with job … originates from the increased effectiveness of labour supply. We advocate that for a given loss in welfare for the unemployed … search guidelines - affect unemployment. In our analysis we find that not only micro-effects concerning the behaviour of …

This Paper analyses the design of optimal unemployment insurance in a search equilibrium framework where search effort … among the unemployed is not perfectly observable. We examine to what extent the optimal policy involves monitoring of search … featuring indefinite payments of benefits and a system with a time limit on unemployment benefit receipt. The optimal sanction …

unemployed (e.g., unemployment insurance, job search monitoring, social assistance, wage subsidies). This paper provides a … duration of the different policies, the dynamic pattern of payments along the unemployment spell, and the emergence of taxes …/subsidies upon re-employment. The optimal program endogenously generates an absorbing policy of last resort ('social assistance …

payments (e.g. tax rebates) are spent on non-durable household consumption in the quarter that they are received. We develop a … Finances. A version of the model parametrized to the 2001 tax rebate episode is able to generate consumption responses to …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …