This paper compares models used to explain OECD unemployment. The models suggest that the “natural rate of unemployment …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and … equilibrium paths. Hysteresis is viewed as the result of a selection between these different equilibrium paths. We use this model … of the 1970’s may have played a central role in generating hysteresis. …

transition rates. We focus on hysteresis effects of the durations and incidence of previous spells out of work. We estimate … flexible multi-state Mixed Proportional Hazard specifications for transition rates between employment, unemployment, and …' transition rates from unemployment to employment increase. Longer periods of non-employment generally decrease future transition …

worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 ….14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this …

exact contribution of deununionization is a matter of debate, perhaps no more so than in Germany, our case study. The … Germany more generally. …

representative data for Germany – for many observers the exemplar of a cooperative industrial relations regime – to investigate the …

the regional unemployment rate. In testing this hypothesis, most empirical studies have not taken into account that …-scale linked employer-employee data set for western Germany, this paper provides a first test of the relevance of different … wages with respect to unemployment postulated by Blanchflower and Oswald. In this regime, we also find that works councils …

setting due to labor cost and straitjacket effects. As firms in Germany are allowed to choose their wage formation regime, we … test these two hypotheses with representative establishment data for West Germany. We find that establishments with …

market and, on rigid labor markets, for unemployment. Exploiting variation in exit-exam systems across German states, we find … market, as well as with lower unemployment. …