in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …

The common view that far-reaching labour market deregulation is the only remedy for high European unemployment is too …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

role to cross-country differences in social unemployment insurance institutions that Prescott argues can be safely ignored …

labor market models have a hard time generating the degree of cyclical volatility in unemployment and vacancies that is …, job destruction and unemployment. We start from the reasonable assumption that the disutility of effort (in our case the … the average unemployment rate. It is important to point out that in our paper, incorporating an incentive compatible wage …