Up to the 1990s the development of family policy was an integral part of the success story of the Nordic welfare state. This article aims to evaluate the impact of legislative amendments to family policy at the micro-level in Sweden and Finland during the 1990s. We follow the micro-level...

The paper combines the short-run link between increases in aggregate demand and growth of GDP, which leads to a reduction in unemployment, with a definition of the equilibrium rate of unemployment that is independent of the growth rate. We first present evidence from the EU and the US that...