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 …

effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as … impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter …

-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …

businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …

The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered … educated. In 2009, the Employment Contract Law relaxed employment protection legislation and sought to raise income protection … would facilitate the structural transformation and reduce the long-term unemployment rate. Linking increases in unemployment …