In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its … Monte-Carlo techniques, we do not find any evidence of such policy trade-off. In contrast, we find that reduced unemployment … associated with a weaker persistence of unemployment over time, which implies a lower volatility of unemployment in the long run …

The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This … paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural … unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural …

This paper analyses the determinants of structural unemployment rates in a two-stage approach. First, time … drivers of structural unemployment. Consistent with earlier studies, the level of product market regulation, union density and … the unemployment benefit replacement rate also play an important role in explaining changes in the NAIRU although there is …

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 …

unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …

implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …

In this paper we investigate the recent fall in unemployment, and the rise in part-time work and labour market … participation amongst prime-aged Germans. We show that unemployment fell because the Hartz reforms induced a large fraction of the … probabilities show that observed changes in the stocks of registered and unregistered unemployment as well as marginal, contributed …

the regional and skill dimension of mismatch unemployment, we find a substantial increase of mismatch unemployment for …