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 …

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to … accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By …

workers, that this presumption is in general misplaced: the impact of severance payments on unemployment is qualitatively … unemployment, depending on the union’s coverage of outsiders’ contracts. This prediction finds empirical support in a panel dataset …

We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor … measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

an individual employer-worker match is allowed, the impact of severance payments on unemployment duration and incidence …

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe. …

appears that the activation program is very effective. The median unemployment duration of the control group is 14 weeks …

also find that the quality of the post-unemployment jobs was not affected by the activation program. Both findings confirm …