2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … and employment. There is some evidence that short-time compensation programs stabilize permanent employment and reduce … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued … causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the …

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …

fundamental role in shaping unemployment movements. Thisrole has generally been examined by considering indirect transmission …-equation unemployment rate models... …

On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment … (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our … analytical framework, which follows the chain reaction theory (CRT) of unemployment and argues that (i) a system of interactive …

the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment …

We ran a large randomized controlled experiment among about 150,000 recipients of unemployment benefits insurance in … France in order to evaluate the impact of part-time unemployment benefits. We took advantage of the lack of knowledge of job … impact on the propensity to work while on claim, but reduced the unemployment exit rate, showing important lock-in effects …

fundamental role in shaping unemployment movements. This role has generally been examined by considering indirect transmission … single-equation unemployment rate models. Here we advocate a different approach. We directly estimate the effects of capital … stock in the labour market by applying the chain reaction theory of unemployment, and we find that capital stock is a major …

The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies … were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price … shocks. While unemployment was extremely persistent in most of the eighties and nineties, it experienced its sharpest decline …