employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. …

This paper studies effects of unemployment and labour market programmes on real wages in the Czech and Slovak Republics … unemployment elasticity of pay is, however, higher in the Slovak Republic, than in the Czech Republic. The wage subsidy and the …

institutions from the point of view of labour market flexibility and find its place in international comparison in the light of … (unemployment generosity, tax wedge, active labour market policies, employment protection legislation, product market regulation … conclude that the Hungarian labour market institutions are rather flexible in EU-comparison. However, tax wedge is high and the …

quantitatively underestimates the correlation of structural unemployment rates across countries. This mirrors the well-known finding … by Shimer (2005) by which thestandard search-and-matching model predicts too small fluctuations of unemployment rates …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …

unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … capital flows, because of stronger employment adjustments in comparison with a competitive economy. We next exploit the model … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …

bargaining, minimum wages, employment protection and unemployment benefits affect the way in which wages respond to labor supply … decline with the unemployment rate, albeit imperfectly. We find that wage flexibility is substantially higher in the UK … compared to Germany and, in particular, Denmark. As a consequence, immigration has a much larger effect on the unemployment …