peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …

results suggest that DNWR may not provide a strong argument against the targeting of low inflation rates, as practiced by many …

Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This … both its unemployment and its share of fixed-term employment are the highest. We find that fixed-term contracts increase … unemployment, reduce output, and raise productivity. The welfare effects are ambiguous. …

The common view that far-reaching labour market deregulation is the only remedy for high European unemployment is too …

unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …