’ relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To …. Shock responses are channelled via changes in unemployment, labour market participation, and spatial mobility. Our results … participation rates are the main adjustment mechanism in expansion, unemployment and spatial mobility become the central ones in …

Purpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their … conduct dynamic simulation exercises and explore the determinants of unemployment. Findings – The analysis yields two main … findings. First, the capital stock was the most important determinant of the unemployment trajectory in both countries. This …