and talents in the transformation process. To a large extent, the emergence of unemployment is an indicator of this … restructuring and reallocation. This paper surveys some of the issues involved in the rise of CEE unemployment as well as the policy …

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by … Stole and Zwiebel (1996a,b) at the firm level, according to which the bargaining power of workers increases employment …. Further, with heterogeneous labour, higher relative bargaining power for some groups leads quite generally to over-employment …

responsiveness of the unemployment rate to changes in macroeconomic variables. Most importantly, private information increases the … responsiveness of the unemployment rate to changes in the general (type- and effort independent) productivity level. If the changes … also affect the information structure, the responsiveness of the unemployment rate may be large, even if the changes in …

nominal and real wage rigidity) and social preferences regarding inflation, employment, and real wages. We also calibrate our … those that affect the long-run unemployment rate. …

In 1986, Congress attempted to reduce the incentives for unauthorized migration by eliminating U.S. employment …

This paper analyses the decline in unskilled employment in UK manufacturing. …

This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the … the adjustment processes and economic growth. We divide the shocks into institutional variables, price variables, and …

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 …