This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in … the unemployment rate—varies substantially across countries. This variation is partly explained by idiosyncratic …

. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …

This Selected Issues paper analyzes the effect of international migration on unemployment in New Zealand. The empirical … results in this paper suggest that net migration inflows give rise to a fall in the unemployment rate. The paper estimates a … system of equations including the unemployment rate, real wage, net migration rate, and labor force participation rate …

labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument …

EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … unemployment declines were positively correlated with real GDP growth and, to a lesser extent, negatively with the real minimum …