presence of job protection will lead to lower unemployment levels than predicted by the standard labour market model with … heterogeneous labour and full information. -- Minimum wages ; unemployment ; hidden information ; labour market regulation …

-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …

This paper emphasizes the two-way causality between the provision of unemployment insurance and the cultural … generate a lag between the introduction of unemployment insurance and a deterioration of the work ethic. Relying on a … calibration, I argue that it can account for a substantial fraction of the history of European unemployment since World War II. As …