by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

This paper introduces the age structure of the population into the analysis of medium term unemployment swings. We … incorporate age-related features into the Shapiro-Stiglitz shirking model and find that the observed age pattern of unemployment … particular the ageing of the baby-boom generation - has caused OECD wide unemployment to be 50 basis points lower than what it …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …

The U.S. economy continues to be characterized by a persistently-high rate of unemployment, with at least another three … years before attainment of the pre-recession unemployment rate.Six significant structural trends are identified and their … force”. And the detrimental effect of long-term unemployment is a structural impediment to becoming well-positioned to …

In this work the precision and stability of the forecasts of Chile's unemployment rates are analyzed. Said models were … the signs of persistence that the unemployment indicator shows in its behavior; nevertheless, starting from the estimation … obtained, which empirically upholds the proposal of addressing the unemployment rate as a non stationary series. The evaluation …

We consider the problem of measuring transition probabilities across employment, unemployment and inactivity when …

This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment …. The empirical results are basically consistent with an insider view of labor market institutions. Labor market … institutions tend to protect (older) employees but might harm (young) entrants. Remarkable is especially the significant and very …