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 …

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 … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …

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. …

This paper analyses the decline in unskilled employment in UK manufacturing. …

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

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