During the recent boom in the world economy, many western developed countries, of varying political complexion, adopted neoliberal welfare policies and deregulated labour markets. For the unemployed these reforms were characterised by contracting-out of labour exchange functions (public...

Following an old economic literature dealing with work sharing, the aim of this paper is to review the theoretical effects on unemployment and inequality we may expect from a working time reduction (WTR). To do so, we begin considering labour demand models and we go through general equilibrium...

The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...