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 …

unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …

This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how …

This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with … endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment …, unemployment continues to be very high. The paper argues that an important part of the explanation lies in the decline of capital …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation …

various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation …