This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in … market imperfections, so unemployment rises and remains high for an extended period. The data show that there has not been … cause of the increase in European unemployment, they may have played some role in limiting European employment growth …

Unemployment rates in countries across the world are typically positively correlated with GDP. China is an unusual … outlier from the pattern, with abnormally low, and suspiciously stable, unemployment rates according to its official … statistics. This paper calculates, for the first time, China's unemployment rate from 1988 to 2009 using a more reliable …

The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some … Keynesian model with unemployment, and assess their empirical relevance …

We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment …

the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …

of its effect on employment and unemployment. Our discussion of the theory emphasizes recent work using two-sector and … heterogeneous-worker models. We then summarize and evaluate the large literature on employment and unemployment effects of the …