labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary …) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly …The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … benefits, `benefit transfers', would help replace the unemployment trap by providing an incentive to seek and provide jobs. The …

people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment; and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

This Paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … involving targeting workers with low incomes/abilities and targeting the unemployed under the criteria of "approximate welfare … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market … decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are … examined: (i) `unemployment persistence', arising when temporary shocks have persistent effects on unemployment; and (ii …

reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the …This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … interplay between these adjustment processes and the dynamic structure of labour market shocks, and (c) the interaction between …

The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when … depends on the persistence of the macroeconomic fluctuations to which the labour market is exposed, and on employees …