opportunity to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. The vouchers … would depend positively on unemployment duration and training. The paper argues that this policy would give unemployed … failures generated and amplified by unemployment benefit systems. A simple theoretical model is presented, followed by …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … differentials rise, so too does the national unemployment rate (in declining regions unemployment is the major response, in growing …

labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary … effects on unemployment; and thus (b) that policies aimed at reforming these institutions are also complementary. These policy …) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly …

for the unemployment rates of high and low-educated workers, for the share of mismatched workers and wage inequality both …

unemployment. We show that the socially efficient incentive power of the equilibrium wage contract is constrained in the absence of … unemployment benefits. We then apply the model to explain the recent increase in performance-pay contracts. Within our model, this … factors is an increase in the equilibrium unemployment rate. …

A matching function approach is applied to unemployment exit data from a panel of Eastern German labour office …, and can account for at least three-quarters of the variance of exits from unemployment. In contrast, the Eastern German …

capable of explaining the observed behaviour of unemployment. The model is estimated for the British economy for the period … 1951-87. Some evidence for multiple equilibria is found and using such a model suggests that the rise in unemployment in … Britain in the 1980s is best understood as a move from a low- to a high-equilibrium unemployment rate. Although the multiple …

staggered nominal wage bargaining. We find that the estimated natural rate of unemployment is consistent with the NBER … description of the U.S. business cycle, and that the inflation/unemployment trade-off facing monetary policymakers is … unemployment gaps are more efficient than rules responding to output or unemployment growth rates, also in the presence of …

that reductions in hours will be an efficient policy for reducing unemployment. …