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This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
Persistent link: https://www.econbiz.de/10005703234
This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...
Persistent link: https://www.econbiz.de/10005703238
centralized bargaining inhibits firms from using wages to induce workers to learn how to use their experience from one set of …
Persistent link: https://www.econbiz.de/10005703276
It has been well documented that employment outcomes often differ considerably across areas. This paper examines the … external effects on labor force participation and employment for U.S. metropolitan area residents. The empirical results … employment for both women and men. We also find that less educated workers generally receive the largest external benefits. …
Persistent link: https://www.econbiz.de/10010705557