In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …

In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

During the nineties, unemployment has fallen in a number of European countries while it has remained high in others … the unemployment problem. Some speculative thoughts are offered as to why those factors might be more stringent in … countries where unemployment remained high. …

This paper proposes a new econometric estimation method for analyzing the probability of leaving unemployment using … unemployment between the 1980s and 1990s during a period of labor market reform. We find that the relative probability of leaving … unemployment for the short-term unemployed compared to the long-term unemployed becomes significantly higher in the 1990s. …

This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …

Individual labour market transitions from unemployment into temporary work are often succeeded by a transition from … unemployment to temporary jobs and unobserved determinants of the transition rates. The data contain multiple spells in labour … unemployment and they substantially increase the fraction of unemployed workers who have regular work within a few years after …

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …