This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

of other employment policies. …

-rating component. -- short-time work ; unemployment ; employment … 2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … and employment. There is some evidence that short-time compensation programs stabilize permanent employment and reduce …

optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection … models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage …

sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued … causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the …

French employment protection legislation before the crisis started. -- temporary contracts ; unemployment ; Great Recession …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

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 labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

care for a spouse has not been studied widely. We examine the effects of California's law on the employment of workers who … the paid leave program increased the employment of 45-64 year old women with a disabled spouse in California by around 0 …, with a 2.9 percentage point rise in private sector employment. The employment of men with a disabled spouse in California …