The relation of the Greek employment policy to the European one, as it was formulated within EES and the Lisbon strategy, was a particular one. The Greek employment policy fully adopted the form, the structure and the discourse of the EES but it was only marginally influenced by the “way of...

Variables commonly used, in a panel setting, to explain unemployment rate developments (e.g. Bassanini and Duval (2006a, 2006b)) provide similarly good fit for structural unemployment rate, as measured by the Commission services (i.e. the so-called NAWRU). Those variables include labour market...

This paper considers the meaning of full employment and attempts to gauge the appropriate level of "sustainable" full employment. The second section of the paper reviews the various theories of employment that have been applied to gain an understanding of the concept of full employment. The...

Let $(mathcal{E}_t, tgeq0)$ be a geometric Brownian motion. In this paper, we compute the law of a generalization of Dufresne’s translated perpetuity (following the terminology of Salminen-Yor) : $$ int_0^{+infty} frac{mathcal{E}_s^2}{(mathcal{E}_s^2+2 amathcal{E}_s +b)^2} ds,$$ and show that,...

With reference to the EU enlargement, a framework is derived which allows the study of the effect of unemployment benefits on the migration decision. While benefits simply increase the expected gain for risk neutral individuals, they work as an insurance device for risk averse migrants; the...

Am Beispiel historischer Personenkorporationen wird untersucht, welche moralischen Leitbilder hinter einem Fuersorgewesen traditionellen Zuschnitts stehen. Gewisse ethische Grundsaetze blieben ueber Jahrhunderte konstant. Weil die Korporationen die Unterstuetzung ihrer Beduerftigen aus...

We simulate the effect of the introduction of premium differentiation (experience rating) in the Dutch Unemployment Insurance system on the demand for labor for a variety of sectors in the Dutch economy. For the simulations we use the Bentolila and Bertola (1990) framework as a point of...

With reference to the EU enlargement, a framework is derived which allows the study of the effect of unemployment benefits on the migration decision. While benefits simply increase the expected gain for risk neutral individuals, they work as an insurance device for risk averse migrants; the...

Two features distinguish European and US labor markets. First, most European countries have substantially more generous unemployment insurance. Second, the duration of unemployment and employment spells are substantially higher in Europe - employment turnover is lower. We show that...