This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …

On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment … rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …

feature of the Finnish economy compared with that of Sweden and Denmark is the higher level of unemployment. In the early 1990 … adapt. The spectacular recovery of the Finnish economy has pushed up labour demand. While unemployment has fallen back from …

share ownership) at the industry and economy level. Starting point is the analysis of existing unemployment with regards to … original causes and the reasons for persistency.The conclusion is that existing unemployment can be explained by several … theories and may be divided into various A major part of the unemployment can be explained by unflexible, exzessive real wages …

raising unemployment benefits in a model with endogenous job destruction and skill mismatch leads to a longer expected … duration of post-unemployment job matches. On the other hand, an increase in skill mismatch in the aggregate production … function lowers the level of unemployment in an economy with high unemployment benefits. The third chapter empirically …

relation between the job–finding rate and the vacancy–unemployment ratio, provided that search costs are small and that search …

immigration. The first paper gives an overview on the economic literature on the impact of immigration on unemployment and wages …