European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment …

This paper focuses on productivity dynamics of a firm-worker match as a potential explanation for the ‘unemployment …, despite endogenous job destruction and more volatile vacancies and unemployment, without needing to rely on differing wage …

thereby for equilibrium unemployment in an economy with product and labour market imperfections. We show that intensified … product market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more … complex. Higher capital intensity will decrease the equilibrium unemployment when the elasticity of substitution between …

in addressing the unemployment- volatility puzzle. Consistently with US evidence, new firms create a large fraction of …

unemployment. We then discuss and research the role of labour market institutions in the adjustment process that has brought … unemployment back to a ‘normal’ level. We argue that these institutions cannot be blamed for the increase in unemployment, but that … more flexible institutions could have led to a more rapid fall in unemployment once the Finnish economy began to recover. …

, unemployment benefits should decrease with the unemployment spell. This paper, using a series of simple search models, shows that … the theoretical result regarding the optimality of a declining unemployment benefit profile is largely a result of … specific modeling assumptions and fails to hold in a more general setting. While any pure reduction of unemployment benefits …