mobility, while unemployment increases in the country with labor market rigidities, reducing welfare. We also find that taste …

voluntary non-participation and involuntary unemployment which is caused by labor market rationing and model the dynamics of … allows us to test for true state dependence of voluntary non-participation, involuntary unemployment, full-time work and over …

When unemployment prevails, relations with a particular firm are valuable for workers. As a consequence, a worker may … shirk and switch firms. Our results thus suggest that unemployment is not a necessary device to motivate workers. We also … market characterized by unemployment. Surprisingly though, this does not compromise market performance. -- Relational …

Our paper revisits Okun's relationship between observed unemployment rates and output gaps. We include in the … unemployment rate) over time. The Okun coefficient is not only different for young, prime-age and older workers, it decreases with … reducing the overall unemployment rate, it will also have the distributional effect of lowering youth unemployment. …

"recall") unemployment, those "employed but absent from work" for unspecified reasons, or not in the labour force while …

The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then … effort. The panel structure allows us to observe how search effort evolves within individual over the unemployment spell. We …

We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the … Phillips-curve framework of low - often extremely low - response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …

and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …