find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers’ bargaining power, the level of unemployment benefits and the payroll tax rate. …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …

rates of unemployment and the business cycle over the last decade. We develop the theoretical framework that predicts that … the individual perceptions of job insecurity depend on regional unemployment rates and on the within-group variance of … Monitoring Survey. Our results indicate that while higher rates of unemployment make workers feel less job secure, the wage …

; iii) increase with the interaction of rent size and the unemployment rate and decrease with the interaction of rent size …

This paper studies the impact of an increase in the enforcement of labor regulations on unemployment and inequality … workers) leads to: higher unemployment, less income inequality, a higher proportion of formal employment, and a lower formal …