dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the …

the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism … employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model …

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market … decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are … examined: (i) `unemployment persistence', arising when temporary shocks have persistent effects on unemployment; and (ii …

The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when … depends on the persistence of the macroeconomic fluctuations to which the labour market is exposed, and on employees …

This paper explores the two common concepts of the natural rate of unemployment: (i) the stable, long-run equilibrium … rate of unemployment; and (ii) the equilibrium unemployment rate at which there is no tendency for this rate to change … towards which the equilibrium unemployment rate tends with the passage of time). Specifically, it is not a reference point in …

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the … characteristics of the households in the survey and unemployment rates in the industries in which the households usually work. The …

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as … fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the … outcome of the interplay between labour market shocks and a network of lagged adjustment processes). We show that, for labour …

. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. For prime age workers employment rates were also affected but for older workers the Great Recession did not have a large …

-run unemployment rate) and the lag structure of the employment determination, wage setting, and labour force participation decisions … the `fragility' of the short-run unemployment equilibrium (the impact of labour market shocks on the short …This paper attempts to explain disparities among the unemployment experiences of different OECD countries in terms of …