Unemployment may depend on equilibrium in other markets than the labor markets. Thispaper adresses this old idea by … financial frictions on equilibrium unemployment isamplified by goods market frictions and vice versa.... …

lower structural rate of unemployment. We establish this fact using:(i) panel data from 20 OECD countries, (ii) cross … within-country trade. Our main findingis robust to various definitions of unemployment rates and openness measures …

This paper analyses the link between educational attainment and unemployment risk in a French-German comparison, based … on a discrete time competing risks hazard rate model applied to comparable microdata sets. The unemployment risk is … broken down into the risk of entering unemployment and the risk, once unemployed, of not getting reemployed. The paper …

On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to … education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … level in a standard Mincer equation. Our results show that an increase in regional unemployment by 1% decreases the returns …

conditions are a majordeterminant of entrepreneurship. Higher local unemployment rates are found to increase theprobability that … areinitially not employed respond more to high local unemployment rates by starting businessesthan wage/salary workers. The results … higher levels of businesscreation. Using the regression estimates for the local unemployment rate effects, I find thatthe …

26 NUTS-2 regions over the period 2005-2008.When the local unemployment rate is treated as predetermined, there is … instrument for current unemployment rate, we find anunemployment elasticity of -0.099. We also find a higher elasticity for … finding is that the wages of females in Turkey are significantlymore responsive to local unemployment rates than their male …

design of optimalunemployment insurance in an economy with unemployment as well as part-timeunemployment. Part …-time unemployment provides income insurance and serves as astepping stone to full-time jobs. Unemployment benefits for part …-timers increase the outflowfrom unemployment to part-time work but reduce the outflow from part-time work to full-timeemployment. We …

regulations leadto a simultaneous reduction in informality and unemployment. The difference between thesetwo policy options lies …