unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … amplify the effects of demand shocks. Our results indicate that strengthening labor market institutions that promote a faster …

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …

During the last decade, unemployment in Greece climbed up to 28%, almost quadrupling due to the economic crisis that … hit Greece. In the present paper, we examine the determinants of the unemployment dynamics and the impact of the minimum … wage on the probability of making a transition into and out of unemployment. We use micro-level data from the Greek Labour …

A rapid decrease in unemployment is a short-term priority to limit social problems and reduce the risk of rising … structural unemployment. To this end, strengthening labour market policies to sustain labour demand is key. The public works …

While employment growth has accelerated, allowing unemployment to fall significantly since 2005, many low …-skilled workers are still unemployed and the duration of unemployment spells is still long. The introduction of an in-work benefit for …. Measures to improve mobility of workers across regions, notably housing policy reform, would lower long unemployment durations …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous …