In a simultaneous analysis of unemployment duration and search intensity, the authors estimate a nonstructural search model accounting explicitly for two features of the benefit system: benefit level and time remaining until exhaustion of the entitlement period (residual entitlement). Special...

This paper derives new results on the welfare effects of employment protection. Using data from 17 OECD countries, we show that there exists an inverse U-shape relationship between employment protection and economic growth. Using a simple theoretical model with non-contractible specific...