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 …

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. …

extent of unemployment and labor market churning. With institutions of the type studied here common across many different … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the …

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

The Spanish labor market is not working: the unemployment rate is structurally very high; wages are not very responsive … to labor market conditions, causing a high cyclicality of unemployment; and the labor market is highly dual. Compared … with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …