The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that … improvement in labor market conditions in Algeria would be key in reducing unemployment both in the short- and medium-term. … may hamper employment creation. The results of the paper suggest that the relative low output-employment elasticities and …

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …-run unemployment over the 1980s and its rise during the late 2000s. …