labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … scenario the rule based component of short-time work (i.e., due to the existence of the institution) stabilizes unemployment …-time work interventions (i.e., rule changes) do not have any statistically significant effect on unemployment. These effects are …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

This papser assesses labour markets and unemployment in Slovakia over the period 1994-2004. To interpret labor markets … unemployment in Slovakia, the paper detects unemployment in the policy restructuring of the economy rather than in economic cycles …

, our welfare analysis of fiscal alternatives shows that the young prefer increases in unemployment transfers as this …

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would decrease it can … remains low making the return to low unemployment rates impossible. The paper shows that in some cases transition to the low-unemployment …

In this paper, I show that the decline in household consumption during unemployment spells depends on both liquid and … illiquid asset positions. I also provide evidence that unemployment spells predict the withdrawal of illiquid assets …, particularly when households have few liquid assets. Motivated by these findings, I embed endogenous unemployment risk in a two …