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 … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …

This paper offers a first comprehensive study of the relationship between labor market institutions and policies and … documents the evolution of labor market institutions and policies in the transition region. The data show a clear trend towards … test several predictions concerning the role of institutions and polices in explaining labor market outcomes. The results …

unemployment at large firms are generally found to be more cyclical. However, this stylised fact disappears when the composition of …

global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and … sets of dynamic simulations which account for the swings of the unemployment rates before and after the 2007 crisis. Our … labour productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …

market institutions on informal economic activity. The measure of informal economic activity is taken from Schneider et al …. (2010), the most comprehensive study to date. The data on institutions, which cover employment protection legislation (EPL …), the tax wedge, the unemployment benefit level, unemployment benefit duration and union density, are assembled at the IZA …

circumstances such as gross domestic product, unemployment, and inflation. In this paper, we bring attention to labour market … Tella et al. (2001) to explore sectoral unemployment levels, labour market tightness, and matching efficiency as LS …-stage, we regress LS measures against the unemployment level, labour market tightness, and matching efficiency. Our results are …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …