labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary … effects on unemployment; and thus (b) that policies aimed at reforming these institutions are also complementary. These policy …) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly …

dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. … spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto …

different estimation methods and different types of data. We propose and apply an unconditional inference method that can be … we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility … estimate this model on a large administrative panel data set which traces labour market transitions, mobility across firms and … Tax Credit in Germany, and the other is a reform to Unemployment Insurance. In both reforms we find very significant …

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

local unemployment growth is high---overall, negative home equity is not an important barrier to labor mobility. … market conditions, personal credit, and homeownership using panel regressions with fixed effects which control for all …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … differentials rise, so too does the national unemployment rate (in declining regions unemployment is the major response, in growing …

This Paper presents new evidence on the determinants of unemployment duration for men and women in Britain in the 1990s … the probability of unemployment spells ending with moves into full and part-time employment, self-employment and economic … inactivity. The data show that the median duration of unemployment spells among men, at 5 months, is almost double that for women …