We propose a new econometric estimation method for analysing the probability of leaving un-employment using uncompleted … unemployment between the 1980s and 1990s during a period of labour market reform. We find that the relative probability of leaving … unemployment of the short-term unemployed versus the long-term unemployed becomes significantly higher in the 1990s. …

Theoretical predictions of the impact of TFP growth on unemployment are ambiguous, and depend on the extent to which … creative destruction effects by estimating the impact of TFP growth on unemployment in a panel of industrial countries. We find …-state dynamics of unemployment. Capitalization effects explain some of the estimated impact but a part remains unexplained. …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

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 … unemployment not only in the short run, but in the long run as well. The reason is that, in the presence of growing exogenous …

We incorporate equilibrium unemployment due to imperfect matching into a model of trade in intermediate inputs (Ethier … each intermediate input. Steady state unemployment is reduced after trade integration because more vacancies are opened … firms that is often associated with deeper trade integration is unlikely, per se, to increase unemployment. …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … policies on wages and unemployment. …

technology growth and institutional variables affect equilibrium wage inequality, income shares and unemployment. Next, it … explain a significant part of the differential rise in unemployment and capital share and some of the differential dynamics in …

This paper starts from the observation that despite their very high levels of unemployment, major European countries … have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I …

We develop a simple model of short- and long-term unemployment to study how labour market institutions interact with … labour market conditions and personal characteristics of the unemployed. We analyze how the decision to exit unemployment and …, taxes, unemployment insurance benefits and welfare assistance. We extend our analysis by allowing for time …

aggregate unemployment. In this paper we explore a related but more specific issue: the consequences of immigration on the …