This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in … unemployment. High unemployment of young and low-skilled workers reflects substantial unemployment traps, while disincentives for … (respectively seniors). Further reduction of structural unemployment requires better integration of vulnerable groups into the labor …

The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions … of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy …--on the theories` ability to predict some salient stylized facts about unemployment behavior. The paper considers four types …

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their …

, especially for the low-skilled, who saw stagnant wages but a robust decline in unemployment …

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance … search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The …

moving from sectoral- to firm-level wage setting of at least 3.5 percentage points lower unemployment (or higher employment …