to the minimum in a reference year as to be illegal in an adjacent comparison year as a result of movements in the real …

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 …

feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

mainly on dismissals protection, distinguishing between the themes of employment and unemployment development and labor … market dynamics proper. Our discussion of employment and unemployment largely deals with the effect of employment protection …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment. …

The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …

unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … capital flows, because of stronger employment adjustments in comparison with a competitive economy. We next exploit the model … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …