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 …

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

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 …

We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment for fourteen OECD … economies using publicly available data. We then devise a method to decompose changes in unemployment into contributions … accounted for by changes in inflow and outflow rates for cases where unemployment deviates from its flow steady state, as it …

We show that data on satisfaction with life from over 600,000 Europeans are negatively correlated with the unemployment … the public is willing to accept in terms of unemployment for inflation, at least in terms of keeping the average level of …

harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …

allows us to control for unmeasured country-specific factors that affect relative employment and unemployment, we find that … of young and older individuals relative to the prime-aged, with no significant effects on the relative unemployment of … raises female unemployment relative to male unemployment. These results suggest that union wage-setting policies price the …