in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … separate from employment and endogenously reallocate between markets, in response to changing aggregate and local conditions … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …

extremely well in the Great Recession. -- entrepreneurship ; Great Recession ; unemployment ; self-employment … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … individuals who are initially not employed respond more to high local unemployment rates by starting businesses than wage …

increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to … confirms that the contribution of EPU shocks to the volatility of unemployment at business cycle frequencies is markedly larger …

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

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 …