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 …

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance … search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The …

Sweden has experienced a substantial increase in temporary work over the 1990s, with most of the rise occurring during … a severe macroeconomic recession with mass unemployment. By the early 1990s, workers on fixed-term contracts accounted … is a major factor behind the rise in temporary work in Sweden. Adverse macroeconomic conditions make firms more prone to …

unemployment down to the minimum feasible rate which in the U.S. is most likely around 1.2%,--the rate which prevailed in 1944 and …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … policy ; model uncertainty ; Bayesian model averaging ; unemployment gap ; Taylor rule …

We show in a union-bargaining model that a decrease in the unemployment benefit level increases not only equilibrium …-term wage contracts lead to highter expected real wages and hence higher expected unemployment than short-term contracts …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …