In the late nineties, Germany was often seen as a laggard with respect to labor market and welfare state reforms with … institutional inertia being reflected in notoriously sluggish employment growth and rising unemployment. Recent years, however, saw … Germany have in fact contributed to overcoming structural weaknesses of a Continental European "welfare state without work …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting … lagged adjustment processes. In the context of estimated labour market systems for Germany, the UK, and the US, we construct …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct …

economic growth in the future. -- unemployment ; labor force participation ; labor supply ; benefit systems ; public policy …