on unemployment was partially reversed by the resulting decrease in net foreign demand. -- Labour market dynamics …The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly … sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued …

We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a … by age, education, wealth, sex and household composition. In aggregate, social assistance dominates unemployment … unemployment insurance is reduced. A revenue-neutral rebalancing of social support away from unemployment insurance and toward …