. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …

problems in its labor market, reflected in its high long–term and youth unemployment. Our analysis of the drivers of labor …

markets. This paper analyzes the recent employment experiences of six economies: Germany, Korea, Mexico, New Zealand, Spain …

by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …

-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases … German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …

labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …

This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope …

unemployment rates in some states. Federal government transfers to households also appear to have adversely affected work … incentives in high unemployment states by limiting participation in the labor force. …