market, keeping constant the structure of the capital- and consumption-good markets. Confirming a recent IMF report (Jaumotte … compressing wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We …

causes deficient aggregate demand and thereby unemployment in the presence of nominal wage stickiness attributable to union … wage setting. In this long-run stagnation, generous unemployment benefits reduce unemployment. Moreover, paradoxically …, unemployment declines if labor unions give more weight to nominal wage gains compared with employment increases …

States at business cycle frequency. That being so,it can also generate large procyclical fluctuations in the vacancy-unemployment … ratio. This results from two plausible explanations, namely heterogeneity in households preferences and unemployment …

unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …

capital loss, the unemployment rate in an economy with human capital loss during unemployment will not be higher than in an … economy with no human capital loss. The reason is that the increase in the unemployment rate led by human capital loss is more … the job is more important than human capital loss during unemployment for both the unemployment rate and output. Third …

reduction of unemployment benefits on the other reduce unemployment? Using the recent labour market reform in Germany as … background we find that the role of unemployment benefit reduction for the reduction of unemployment is very modest (7% of the … the observed post-reform unemployment decline. If disincentive effects of PEA reforms had been avoided, the effect could …

We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …

for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

This is the first study to evaluate the effects of early pension withdrawal policies on tenures on unemployment … half-a-million Australians who found themselves newly on an unemployment payment in the initial months of the COVID-19 … pandemic, between April and June 2020, resulted in a 32 per cent lower exit rate from unemployment benefits inside the first …