The book is the first major study to examine the implications of differences in welfare regimes for the experience of unemployment in Europe. It is concerned with three central questions about the way such regimes affect the experience of unemployment. The first is how far they protect the quality of life of unemployed people with respect to living standards and the experience of financial hardship. The second is their role in mediating the impact of unemployment on the individual's longer-term position in the labour market, addressing the issue of how far they help to prevent progressive marginalization from the employment structure as a result of motivational change, skill loss or the growth of discriminatory barriers. The third is how far such regimes mediate the impact of unemployment on social integration in the community, for instance with respect to the maintenance (or rupture) of social networks and the degree of psychological distress experienced by the unemployed. The book is the product of a major cross-cultural research programme, funded by the European Union (TSER), bringing together teams from eight countries. The emphasis has been on rigorous comparison rather than the all-too-frequent separate country analyses, which usually provide data which differs in format from one country to another. In addition to a systematic comparison of national data sources, it has been able to make use of a new important data source (the European Community Household Panel) produced by Eurostat which provides directly comparable information for all EU countries. The study shows that institutional and cultural differences have vital implications for the experience of unemployment. While welfare policies affect in an important way the pervasiveness of poverty, it is above all the patterns of family structure and the culture of sociability in a society that affect vulnerability to social isolation. The book concludes by developing a new perspective for understanding the risk of social exclusion.

Policy makers across the world confront issues relating to lone parents and employment, with many governments seeking to increase the participation of lone parents in the labour market. This book offers an analysis of policies and provisions in several countries, identifying policy lessons. Chapters are written by experts on lone parenthood.

In Denmark, as in other Nordic countries, the period since the 1950s has witnessed the development of a modern welfare state with comprehensive public responsibility for the social well-being of the population. But how does this very fine-meshed safety net affect the labour supply - both on the market for legally registered, taxed labour, and on the market for undeclared 'black' labour? Does the welfare state provide too few incentives for the unemployed to seek work, and for those who are employed to work longer hours? And is it the case that the incentive structure encourages do-it-yourself activities? With the support of the Rockwool Foundation, an extensive research project has been carried out, which methodically combines the results of a representative survey with register data. The results, which are presented in this volume, provide a detailed insight into the links between the tax system and the social legislation of the welfare state on the one hand, and the actual behaviour of the Danish labour force on the other.

This volume contains papers in the broadly defined area of microeconomic theory presented to the International Economic Association Tenth World Congress in Moscow. A wide range of topics is represented - from the foundations of economic choice through strategic behaviour, multiple market interactions, and asymmetric information to applications in such diverse areas as the internal organization of firms, patent policy, product markets, and labour supply, finishing with a piece on the history of oligopoly theory. The collection strongly suggests that microeconomic theory is indeed thriving as a fascinating and useful central part of economic science.