Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...

The paper consists of an empirical analysis of the separate as well as joint impacts on total and youth unemployment of indicators of labour market policies on the one hand, and the financial crisis associated with the “Great Recession” on the other. In particular, we investigate labour...

We document and compare labour market institutions, policies and outcomes in the EU Member States, for the period between 1999 and 2006. Higher employment rates are in general positively associated with measures of policy generosity, especially with the use of active labour market policies...