Unemployment Insurance Savings Accounts (UISAs) entitle workers to unemployment benefits at the expense of future pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In the present paper the wage and employment consequences of...

This paper analyzes the links between labour market institutions and skill premiums in the UK, controlling for other explanatory variables such as market conditions, international trade and skill-biased technology. We find that the trade union decline in unskilled workers can explain more than...

Many of the alleged labor market reforms rely on the popular view that the high and rising European unemployment rate is due to several forms of harmful rigidities. The presence of strong trade unions is one of those distortions this paper is trying to understand better. What seems a wage...