The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment; and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

informative data originating from administrative records. Using a matching estimator for multiple programmes, we find positive …

: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … account (covering education and training), and a health account (covering insurance against sickness and disability). Unlike … reducing unemployment, encouraging labour force participation, promoting skills, reducing governments’ budgetary pressures …

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as … fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the … unemployment not only in the short run, but in the long run as well. The reason is that, in the presence of growing exogenous …

who belong to the same social group, defined by gender, age, education, and nationality. Based on an unusually informative … caseworker and unemployed, does not lead to detectable effects on employment. These results, obtained by statistical matching …

This paper describes an equilibrium labour market in which an unemployment benefit system cannot raise the average … unemployment is high, but pays much lower rates in booms. By targeting unemployment compensation to recessions, when being … substantially reduces average unemployment. …