The recent European experience of high persistent unemployment has led to the development of theories of unemployment … hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

unemployment …

the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …

This paper challenges conventional views of unemployment. Its results suggest that failure to examine closely labor … force transitions has led to a misleading picture of unemployment and the way the labor market functions in general. There … unemployment. We find that the vast majority of those newly employed come not from unemployment but from outside the labor force …

unemployment insurance (UI) on transitions from unemployment to employment and out of the labor force. Our results suggest that VI … lengthens unemployment spells by reducing both transition rates, and show that correcting for measurement error strengthens the …