model for the high unemployment countries of Europe. Our results suggest that this policy reform would significantly change … people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment …

) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly … 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 …

The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment … rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in … long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model …

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

Unemployment insurance and employment protection are typically discussed and studied in isolation. ln this paper, we … employment protection - in the form of layoff taxes; indeed, optimality requires that layoff taxes be equal to unemployment …, risk neutral firms, and random shocks to productivity. We show that, in the 'first best', unemployment insurance comes with …

like employment and income, for adult female individuals without work in European countries. We consider skill …-training programs, monitoring and sanctions, job search assistance, and employment subsidies. The results are remarkably uniform across …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … benefits, `benefit transfers', would help replace the unemployment trap by providing an incentive to seek and provide jobs. The …

We develop a simple model of short- and long-term unemployment to study how labour market institutions interact with … labour market conditions and personal characteristics of the unemployed. We analyze how the decision to exit unemployment and …, taxes, unemployment insurance benefits and welfare assistance. We extend our analysis by allowing for time …

. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … with calibrated parameters which only differ by the degree of unemployment insurance and assume that they are hit by a …

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 …The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the …