Job search models offer two complementary predictions about the effects of unemployment benefits on job search outcomes among unemployed workers. By raising workers' reservation wages, unemployment benefits should contribute to both prolonged spell duration and improved post-unemployment job...

Job search models offer two complementary predictions about the effects of unemployment benefits on job search outcomes among unemployed workers. By raising workers reservation wages, unemployment benefits should contribute to both prolonged spell duration and improved post-unemployment job...

This essay starts, after a short introduction on the importance and dimensions of "inclusive growth", with a brief empirical sketch on to what extent Europe has already succeeded with respect to this ambitious goal. The result is quite sobering and gives rise to the question: why is it so? The...