between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend …The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … factors to translate unobserved shocks to the labor market into observed cellspecific unemployment rates as well as bilateral …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

exercises indicate that recent findings of the conduciveness of good institutions, and, to some extent trade, on levels of TFP …