We study the welfare effects of both existing and counter-factual Europeanunemployment insurance (UI) policies using a rich multi-country dynamic generalequilibrium model with labour market frictions. The model successfully replicatesseveral salient features of European labor markets, in...

The paper analyses regional relative wages using individual and firmlevel data from Hungary 1986-96. In regions hit hard by the transition shock labour costs fell substantially; the estimated elasticities of wages with respect to regional unemployment were in a range typical of mature market...

This study examines the effect of parental job loss on children's completion of secondary school and the mediating role of home environment in that effect. It uses rich survey data from Hungary on adolescents age 14 through 21, with detailed measures of parental employment and home environment....