Why Is the Unemployment Rate So High at Full Employment?

Why is Unemployment so High in Bulgaria?

The objective of this paper is to determine the main factors behind poor labor market outcomes in Bulgaria. Unemployment in Bulgaria is high and of long duration. The accumulation of the unemployment stock has been caused by relatively high inflows into unemployment coupled with limited outflows. These features of the Bulgarian labor market are quite typical of other transition economies of Cen...

Why Is the Japanese Conviction Rate So High ?

Conviction rates are high in Japan. Why? First, Japanese prosecutors are badly understaffed. Able to bring only their strongest cases, they could be presenting judges only with the most obviously guilty defendants. High conviction rates would then follow naturally. Crucially, however, this is not the full story, for Japanese judges face seriously biased incentives. A judge who acquits a defenda...

O10: Why Preschool Education Programs Is So Important

Neurological development is largely a result of the learning that takes place starting at birth and during the earliest years of life. Child Care and Preschool Education Programs are key to predicting ultimate success in school and life. Children who attend preschool or other early education programs have enhanced cognitive, verbal, and social development (which is maintained into the first few...

Why Is Unemployment High in the Philippines?

The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite relatively fast employment gro...

Full employment does not mean low unemployment