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

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical "natural rate of unemploymentʺ (NRU). Our analysis suggests that the British NRU has remained...

This paper explores the determinants of individuals' psychological and psychosocial health using recent Health Survey for England data. We find evidence that our dependent variables, defined, respectively, from the GHQ12 and Perceived Social Support scores, are negatively related to household...