model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when … offers an explanation for Europe’s favourable unemployment performance vis-à-vis the United States in the 1950s and 1960s …

unemployment: labour unions, supply shocks combined with real wage rigidity, and automation and trade combined with real wage … rigidity. The fourth and fifth sections deal with deficient demand and labour turnover costs as sources of unemployment. The … final section deals with unemployment dynamics. …

unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …

and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent …