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 …

employed to unemployment facilitates a reduction in the level of employment protection; that unemployment benefits are lower …, the more employment reacts to wages; and that a higher level of unemployment and a right-wing government slow down the …In this paper we argue that many of the rigidities that characterize European labour markets can be understood as the …

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 …

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 …

dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the …

least a 30% increase in monthly outflows out of unemployment into jobs. While aggregate ALMPs are positively associated with …This paper investigates the impact of active labour market policies (ALMPs) in the Czech Republic and Slovakia over the … Slovakia by more than two-thirds in 1993 - contributed to the divergence in labour market outcomes in the two countries. All …

In this paper we study the relationship between labour market institutions and monetary policy. We use a simple … macroeconomic framework to show how optimal monetary policy rules depend on labour institutions (labour adjustment costs, and … nominal and real wage rigidity) and social preferences regarding inflation, employment, and real wages. We also calibrate our …

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 …

In this paper we study the political issues associated with reform in the European labour market. We first discuss the … role played by labour market rigidities in European society, and argue that reform is a difficult task because many … labour market reform. …

In this paper we argue that employment protection legislation is more likely to arise when the rents earned by the … greater employment protection. The model also predicts that lower turnover increases the political support for employment … protection and that this political support is greater when employment protection is more harmful for employment. Also, rigidities …