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 …

The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …

In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general … equilibrium model of a small open developing economy incorporating skill formation, unemployment of unskilled labour in the formal …

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 …

The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …

local prices start rising. With this backdrop this paper explores how rising local prices are likely to affect employment in … employment increase are very much different between the short and the long run. We discuss such mechanisms and results in a …

credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … machines will. Such results change drastically when we consider a model with unemployment and finance dictates real outcomes … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect … both with unemployment and imperfect credit market , a result in stark contrast with the conventional model with …

-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results. …

unemployment will always have a voluntary component. Accumulated wealth in a family tends to increase the opportunity cost of job … search, more so in a world where job status is socially important. Thus prosperity and unemployment may go hand in hand … independent of the standard income effect. The paper shows that measured unemployment always may have a voluntary component. In …