The empirical evidence that unemployment is one of the most negative outcomes in life, carrying non-pecuniary psychic costs as well as pecuniary ones, is strong. Yet, standard explanations of the demand for social protection have neglected these costs and their impact on the way in which workers...

The question of whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. It is of particular interest currently in the context of high and rising levels of labour market disparities, in particular within the Eurozone where there...

The question of whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. It is of particular interest currently in the context of high and rising levels of labour market disparities, in particular within the Eurozone where there...