-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the …, the countries with the best results in terms of unemployment and employment would have been those that had a more flexible …

protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …

increased probability that employed workers become unemployed and with a reduction in worker flows from unemployment to …

and restrictions on fixed-term contracts; (2) unemployment benefit generosity and coverage; and (3) the intensity of … provision of unemployment benefits and access to ALMPs. In particular, we will provide some evidence on potential changes in …