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 …

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 … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

’ concept to gain new insights into the implications of trade for employment. We focus on the US, but also provide information …

Technological progress and trade potentially affect wages and employment. Technological progress can make jobs obsolete … and trade can increase unemployment in import competing sectors. Empirical evidence suggests that both causes are … important. Automation is beneficial at the firm level, and is more likely to displace low-skilled employment. Trade is more …

unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes …