rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries …

partial reform is inefficient: easing restrictions on temporary jobs fosters both job creation and job destruction, but strict … EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …

The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …

in the presence of wage rigidities. Policies to avoid job cuts were much more effective when they were well-targeted and …

labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

cuts and wage increases have sustained disposable income growth, while household savings resumed a declining trend amid …

relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … intervention often results in wage compression and restrictions on how firms use their workers. This paper investigates the impact … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …