We present a new macro tool for monitoring and forecasting labour market developments across the six largest euro area countries. The model is primarly empirical but relies on theoretical underpinning in the derivation of the trends. This paper presents a new macro tool for monitoring and...

This paper studies the impact of access to education in a search and matching model of the labor market representing a developping economy. It then addresses the issue of the impact on the market efficiency of public policies aiming at increasing education. Developing economies are well known...

This paper presents an analysis of the findings of a survey on a sample of Portuguese firms. The main aim is to identify some relevant characteristics about the dynamics of prices and wages in PortugalSurvey data; Probit modelsThe most important conclusions are: i) changes to wages are more...

This paper examines the macroeconomic consequences of the diversion of migration flows away from Germany towards the UK in the course of the EU’s Eastern Enlargement. Based on a forecast of the migration potential under the conditions of free movement and of the transitional arrangements, we...

In the Caribbean Basin countries as in many other parts of the world, unemployment has become since the early 1980s one of the major dimensions of economic dysfunctions affecting societies. With levels that are above 15% and often reaching values of up to 20% or 30% during the decades 1980, 1990...

It is through a United-Nations initiative and as part of the Millennium Development Goals that Senegal launched in 2000 the "Development Program for Education and Formation" (PDEF). Among others, this educational reform affected the sector of higher education. The purpose of this paper is to...

This paper provides evidence that bridging and bonding social capital as well as social trust may interdependently affect individuals' earnings and subjective well-being. Paper is based on cross-sectional World Values Survey 2000 data on individuals from Central and Eastern European countries...

The labour market participation rate of older Belgian workers is one of the lowest of the OECD. Early retirement, passive labour market measures and the wage bargaining system which makes older (white-collar) workers relatively more expensive are features that discourage employment of older...

The unemployment rates of then-communist Central European countries were unnaturally low because of manipulated data and latent, "intra-firm" unemployment. As the transition of these states is now more than two decades ago, the question of how the NAIRU evolved since then arises. Because of the...

This paper investigates the factors underlying the dispersion in RULC growth rates across euro area countries. It addresses three main questions. First, how big are RULC growth differentials in EMU by historical perspective? Second, what are the reasons underlying such differentials and why does...