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 …

unemployment may be constrained Pareto-efficient. Consequently, no reform is accepted unanimously by voters. We show that this … low rates of unemployment can be removed in the political process while high rates of unemployment tend to be politically …

most effective program to bring down unemployment. Public employment services have some impact while subsidized jobs are …

: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … reducing unemployment, encouraging labour force participation, promoting skills, reducing governments’ budgetary pressures …

least a 30% increase in monthly outflows out of unemployment into jobs. While aggregate ALMPs are positively associated with …

the programme) comes mainly from the impact of training on the job offer probabilities and, consequently, on unemployment …

job. This Paper uses an administrative data set from the Slovak Republic on durations of individual unemployment spells …