To the layperson, the upward trend in European unemployment is related to the slowdown in economic growth. We argue … that the layperson’s view is correct. The increase in European unemployment and the slowdown in economic growth are related …, and thus creates unemployment. Second, as firms substitute capital for labour, the marginal product of capital falls; over …

Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited … variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment … pattern, which helps explain the lack of convergence in regional unemployment rates, is consistent with the presence of …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are …