Many countries have a two-tiered unemployment compensation system that provides earnings-related insurance for limited period of time and less generous assistance thereafter. This study evaluates the effects reform in Finland increased level by 22%. The led to drop 9% exit hazard, which can be attributed fewer exits both employment inactivity. implied elasticities suggest 10% increase reduces h...

BACKGROUND In many developed countries, associations have been documented between higher levels of area unemployment and workforce exit, mainly for disability pension receipt. Health of individuals is assumed to be the primary driver of this relationship, but no study has examined whether health explains or modifies this relationship. METHODS We used data from 98 756 Office for National Stati...

The torpid recovery of the job market in the wake of the 2001 recession has continued to be the focus of much discussion among economists and policy makers as job growth continues to only creep upwards from its low four years after the start of the recovery. Correspondingly, unemployment numbers remained seemingly high for much longer than forecasters had predicted, even as the rest of the econ...

While in recent years the unemployment rate has fallen from its peak of over 11 per cent in the early 1990s, the current rate of unemployment – at just over 8 per cent, about the average for the past fifteen years – is still of concern for both economic and social reasons. From an economic perspective, unemployment represents the underutilisation of one of the economy's main resources, labour. ...

In this article, we offer a supply-side explanation of two striking patterns in European unemployment as compared with that of other member countries of the OECD (Organization for Economic Cooperation and Development). (See figure 1 and table 1.) The first pattern is that of average unemployment rates. These were similar for European and non-European OECD countries during the 1960s and 1970s, b...

This paper is the first to present empirical evidence consistent with models of signaling through unemployment and to uncover a new stylized fact using the 1988-2006 DWS, namely that, among white-collar workers, post-displacement earnings fall less rapidly with unemployment spells for layoffs than for plant closings. Because high-productivity workers are more likely to be recalled than low-prod...