Conventional measures of unemployment do not capture all dimensions of joblessness. A case in point is underemployment among employed workers, also frequently referred to as parttime unemployment. Workers in this category are employed during a survey week but are unable to work as many hours as...

The paper offers a theoretical analysis of a labor market institution known as the Gent system, which is a system where unions run unemployment insurance (UI) through government-subsidized UI funds. This sytem is practiced in four Nordic countries with comparatively very high unionization rates....