In this paper we study first the determinants of unemployment duration distinguishing between exits to temporary and … permanent jobs. Second, we study the determinants of unemployment duration for long-term unemployed, allowing for exits to … inactivity or study in addition to exits to employment. We estimate multiple-exit discrete duration models by maximum likelihood …

We test the Barro-Gordon model extended to allow for persistence in unemployment. First, we build an index of central …

potential equilibria, the unemployment rates of the different types of workers, the degree of wage inequality, and the response …

This paper studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995. We analyze the … implications both of full hysteresis in unemployment and high inflation persistence for inference regarding dynamic Phillips trade …

Recent research attempting to understand the behaviour of unemployment, and more generally the labour market itself …

the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with … short-run unemployment costs but also with long-run output benefits? The answer to this question crucially depends on the …

-Pissarides economy with firm-specific productivity shocks. Our main theoretical results are twofold. First, unemployment is lower under … firm-level bargaining Second, introducing efficient opting-out of sector-level agreements suffices to bring unemployment … unemployment rate is about 5 percentage points lower under firm-level bargaining or efficient opting out than under sector …

by a host of aggregate and sector-specific factors, including unemployment rates and the sectoral coverage of trade union …