Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2004
reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … interplay between these adjustment processes and the dynamic structure of labor market shocks, and (c) the interaction between … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …