This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … utilisation and the degree of volatility of the real exchange rate interact to generate changes in equilibrium unemployment. This …

equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …

Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the … interest. If the wage grows in line with productivity, there is a positive relation between growth and unemployment. If the … incentive to hire. There emerges a trade-off between growth and unemployment. …

This paper examines the factors contributing to the rise in unemployment in Australia during the depression of the 1930 … were predominant, it has also claimed that excessive real wages created unemployment. The Layard-Nickell model, which has … been used to examine the relationship between real wages and unemployment in interwar Britain, is estimated from Australian …

This dataset contains data on the average duration of unemployment by sex and standardised age groups (15-19, 15-24, 20 …

Net replacement rates in unemployment measure the proportion of previous in-work income that is maintained after … several months of unemployment. Data are presented from 2001 onwards. …

This dataset contains annual labour market statistics on the duration of unemployment - = 1 month and = 3 months and …