This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates …

-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is …

German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to … unemployment and vice versa. While long-term differences across demographic groups are dominating the structure of both job loss …

unemployment and labour market exclusion. The main findings of the study are that low levels of education and working experience … unemployment and nonparticipation. There is also evidence of budget constraints that eventually lead to decreasing reservation … wages or increasing search intensity, as unemployment spells become very long. We discuss some policy implications of our …

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …