bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …

costs. It is shown that even with flexible wages unemployment is higher among the low-skilled and increases with skill … skilled, increasing the inflow into unemployment, and that the jobs are less profitable, resulting in a smaller outflow from … unemployment. Firing costs increase employment security among existing jobs, but the unskilled are likely to profit less than the …

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 …

Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their …

With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate …