This book focuses on the questions of how territorial differences in productivity levels and unemployment rates arise in the first place and why territorial differences in labor market performance persist over time. Unemployment divergence and unemployment club convergence have been touched on...

Introduction -- Some Stylised Facts -- The Youth Experience Gap -- The Mainstream Approach to the Causes of Youth Unemployment -- Weaknesses of the Mainstream Approach -- The Interventionist Approach -- A Classification of School-to-Work Transition Regimes. .

This book is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. Significantly updated to provide an understanding of the post-financial crisis economy, the third edition covers the subprime crisis in...