This paper presents empirical estimates of the policy and structural determinants of the natural rate of unemployment … real wages to their equilibrium level. Estimates are presented showing how the generosity of the unemployment insurance … system is related to past levels of unemployment. The empirical results indicate that government policies have been largely …

This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain. It provides a brief … overview of economic developments and the institutional evolution of the Spanish labor market. The paper presents a basic model … of the labor market, which is estimated for 1971–93. The regression results establish the basic underlying relationships …

This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian … labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions …, including the introduction of a competitiveness norm for indexation, and labor market programs aimed at the long-term unemployed …

competitiveness obstacles that could explain the low labor productivity and poor export and export diversification outcomes …

Poverty and unemployment remained high in Botswana. The shortcomings of the labor market policies are responsible for a … high unemployment rate. This selected issues paper sheds considerable light on ways that Botswana can enhance inclusive … growth and reduce the high level of structural unemployment. Botswana was identified as having been able to sustain the …

The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential …

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the … various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

extent of unemployment and labor market churning. With institutions of the type studied here common across many different …Governments often intervene in labor markets with the aim of reducing inequality and promoting employment. Such … of such interventions on the labor market conditions faced by low-skill workers in Mauritius. It finds that even …