employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model … unemployment insurance levels in a politico-economic equilibrium. The interaction between the political decision about the level of …

in geographical mobility, unemployment and labour market institutions. Rational agents vote over unemployment insurance … high unemployment, low geographical mobility and high unemployment insurance, and one ‘American’ steady-state featuring low … unemployment, high mobility and low unemployment insurance. …

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … representative family model with employment lotteries has no labour market frictions and complete markets. The adverse welfare state … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market …

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the … characteristics of the households in the survey and unemployment rates in the industries in which the households usually work. The …

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 …

. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. For prime age workers employment rates were also affected but for older workers the Great Recession did not have a large …

dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …