dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour …

seems to be depressing the labour market. Unemployment is rising, both absolutely and as proportion of labour force …

A simple plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate …-integration of wage rate changes and unemployment rate is not the argument that could be drawn on to sustain this scepticism. On the … separated components support Phillips’ hypothesis of a negative relationship between wage rate changes and the unemployment rate. …

Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a … natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is …

generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … the variables of interest. For roughly half of the OECD countries in the sample, the unemployment rate, real wages, and … adjust faster to the long-run equilibrium, while shocks to unemployment take longer to extinguish. Also, according to the …

plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate shows a picture …