decomposes regional differences in employment, economic inactivity and unemployment into components due to either structural or …Regional unemployment rates in Great Britain have narrowed dramatically in recent years. However, significant … differences still remain in terms of both employment and economic inactivity rates, which may now better reflect relative labour …

cyclical job loss and unemployment fell disproportionately on young and unskilled workers. The paper identifies, by age, gender …

We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the … unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between … empirical analysis and find that the NRU explains only 33% of the unemployment variation, while frictional growth accounts for …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …

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 …

This paper offers a first comprehensive study of the relationship between labor market institutions and policies and … documents the evolution of labor market institutions and policies in the transition region. The data show a clear trend towards … test several predictions concerning the role of institutions and polices in explaining labor market outcomes. The results …

This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows …. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine … the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to …