unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …

U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms … varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However …

unemployment down to the minimum feasible rate which in the U.S. is most likely around 1.2%,--the rate which prevailed in 1944 and …

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance … search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …