Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment …

selective extension of the potential duration of unemployment benefits. If social interactions are important, this policy change … affects entitled individuals not only directly, but also indirectly by altering the duration of unemployment in the reference …

of individuals to information. Goods advertising is competing with political information for people's attention. This …

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 …

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. …

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 …

models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial … markets with bank-based financial markets as in Germany and Japan being possibly inferior to stockmarket based financial …