Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this …

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

improving in the long run. Consistent with the theory of second-best, the two distortions in this context work to correct the …

We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the … scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment quot …

Germany, we show that employment can be substantially increased without imposing additional fiscal burden …

Up to now there was a general conviction that increasing unemployment and inflation have a negative impact on the … government's popularity. This was true for Germany as well, but it does not seem to hold any longer. This paper first reviews the … the Schröder government. While the results for the former show the known pattern, neither unemployment nor inflation is …

various performance indicators (unemployment, long-term unemployment, employment, activity rate). Our results confirm that … high taxes increase unemployment, while active labour market policies tend to reduce it. We also show that stricter …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …