employment are made (at least partially) socially acceptable through the workfare nature of the unemployment benefit system and b …In this paper we investigate the macroeconomic consequences of the introduction of an unemployment benefit system and a … in employment and income distribution (and the related degradation of the workforce skills and family structures they are …

Great Recession. While GDP dropped by more than five per cent in 2009, employment remained constant and started to increase … productivity and working time cushioned their impact on employment. We find that reductions in hourly productivity played a … Recession, temporary working time reductions were amply used to stabilise employment. Using a time series model, we show that …

proved to be not sustainable. Secondly, a decline of unemployment rates and consequently of precautionary saving: During … periods of low growth of GDP and employment, improvements in the employment elasticity of growth enhancing policy measures and …