instruments. Important developments since 2000 include steadily decreasing unemployment rates (since 2005), increasing …

instruments. Important developments since 2000 include steadily decreasing unemployment rates (since 2005), increasing …

finances, but high overall unemployment and a large share of the long-term unemployed are serious concerns. …

Measures of individual happiness, or well-being, can guide labor market policies. Individual unemployment, as well as … the rate of unemployment in society, have a negative effect on happiness. In contrast, employment protection and … unemployment benefits can contribute to happiness - though when such policies prolong unemployment, the net effect on national …

unemployment insurance, and active labor market policies. This model has coped with the Great Recession and the Covid-19 pandemic …, avoiding large increases in long-term and structural unemployment. The recovery from Covid-19 alongside re-openings has been … responded-with some lag-to unemployment. …

Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment … costeffective and efficient means of reducing unemployment, during both periods of economic stability and recovery. …

Unemployment benefits often reduce incentives to search for a job. Policymakers have responded to this behaviour by … setting minimum job search requirements, by monitoring to check that unemployment benefit recipients are engaged in the … search monitoring and benefit sanctions reduce unemployment duration and increase job entry in the short term. There is some …