unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … important factor explaining the shift in US relative unemployment. Our finding of the central importance of these interactions … relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to …

self-employment rate and the unemployment rate. It is also shown that the self-employed are more satisfied with their jobs …

Two key facts about European unemployment must be explained: the rise in unemployment since the 1960s, and the … heterogeneity of individual country experiences. While adverse shocks can potentially explain much of the rise in unemployment … institutions pre-date the rise in unemployment. Based on a panel of institutions and shocks for 20 OECD nations since 1960, we find …

surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …

evolution of the labor share, the profit rate, the capital/output ratio, and unemployment which we examine more particularly in …

little direct relation to changes in the NAIRU, but long-term unemployment benefits magnify the effects of disinflation …. These results support `hysteresis' theories of unemployment …

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 …

The paper analyzes the change in unemployment in 12 OECD countries over the period 1970-83 in terms of underlying … by country size, are still sizeable, thus a 'classical' element of unemployment remains. However, most of the large … additional increase in unemployment after 1980 (as well as the profit squeeze and investment slowdown) is ascribed to the …

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates …