unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting …The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct …

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …) past UK labour market shocks have prolonged after-effects on unemployment due to interactions among different lagged …

This paper examines the empirical evidence regarding the poor performance of the youth labor market in Spain over the … last two decades, which entails very high unemployment for both higher and lower educated workers, symptoms of over … worker and rigid labor market institutions harms the training and labor market prospects of lower educated workers, while it …