This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It … main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition … theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly …

impact on aggregate labor market performance and unemployment. In a two-sector labor market model with free mobility of labor …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …