We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …

the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have …

we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

To generate big responses of unemployment to productivity changes, researchers have reconfigured matching models in … introducing costly acquisition of credit, or by positing government mandated unemployment compensation and layoff costs. All of … these redesigned matching models increase responses of unemployment to movements in productivity by diminishing the …

overly long unemployment durations. We examine the influence of previous wages on unemployment durations for workers after …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

market performance. We find that developments in wage setting institutions and in unemployment insurance inhibited a return …