decomposes regional differences in employment, economic inactivity and unemployment into components due to either structural or …Regional unemployment rates in Great Britain have narrowed dramatically in recent years. However, significant … differences still remain in terms of both employment and economic inactivity rates, which may now better reflect relative labour …

-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …

role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …In this study we examine the contribution of severance pay to employment and unemployment development using data on … collective bargaining coordination, the role of institutions is also more muted than suggested in the literature. …