The Finnish unemployment rose in the early 1990 s from three to eighteen percent in four years. Unemployment has then … this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process … that has brought unemployment back to normal levels. We argue that these institutions cannot be blamed for the increase in …

Finland’s population is aging rapidly by international comparison. The shrinking working-age population means that the … finances, but high overall unemployment and a large share of the long-term unemployed are serious concerns. …