dynamic simulations that account for the swings of the unemployment rates before and after the 2007 crisis. Our results … productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …. -- unemployment dynamics ; structural multi-equation models ; chain reaction theory ; simulations ; PIGS …

The purpose of the paper is to analyse how labour market and labour market institutions reacted during recent crises …

of the old-age pension system on transitions from employment to disability, unemployment and inactivity. We exploit the …