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 …

the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism … employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model …

generous unemployment insurance system. Second, the duration of unemployment and employment spells are substantially higher in … also show that high unemployment insurance makes the unemployed more willing to wait for a job with low separation rates …Two features distinguish European and US labour markets. First, most European countries have a considerably more …

The single most likely way to leave the unemployment insurance (UI) register in Hungary is not by getting a job but by … attention to the household circumstances of the unemployed and to the probabilities of claiming and being awarded means …

This paper offers a model of the interaction between composition of jobs and labour market regulation. Ex-post rent … number of good jobs. Minimum wages and unemployment insurance encourage workers to wait for higher wages, and therefore … induce firms to shift the composition of employment towards good jobs. As a result, such regulations, even though they will …

unemployment insurance on labour supply. A review of the evidence leads us to stress the importance of non-market clearing as the … labour immobility were not such an important cause of interwar unemployment as is sometimes thought. …This paper gives an overview of quantitative work on the interwar labour market, a topic which has received growing …

This paper studies the impact of a selective extension of unemployment benefit duration on the incidence of … unemployment in Austria. As the new law applies only to elderly workers in certain regions of the country after June 1988, a quasi …-experimental situation is created. Unemployment entry is found to rise by between four and eleven percentage points due to the new law. The …