labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

economic turmoil in 1992-1995. Despite the catastrophic fall in GDP employment contracted only marginally. This flexibility has … been achieved mainly through the informalization of employment, and through the reallocation of labor towards small … of the Georgian labor force relies on self-employment as the primary means to earn an income. For some, this is an avenue …

between employees and contractors. Indeed, this third work format can be attractive, also when employment protection law is …

historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much … larger. Therefore, we point to the clear limitations of the unemployment rate as the (single) key macro-economic indicator of … the health of the labour market. A parsimonious dashboard approach utilising the unemployment-to-population ratio and the …

of other employment policies. …

decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90 …We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use …

sub-minimum workers as a group lost average earnings, hours and employment compared to other workers. The adverse … employment effect occurred both through a higher probability of transition from employment to non-employment and through a … decreased probability of transition from non-employment to employment. …

Survey (LFS) to construct worker transition rates across employment, unemployment, and inactivity. Our approach involves … splitting of unemployment outflows between employment and inactivity. In turn, the estimated job search factor can be used in a … transition rates: (a) from employment to unemployment have fallen over time (b) from unemployment to employment were unusually …

document how worker flows between employment, unemployment, and out of the labor force vary by gender and age and contribute to …Cross-country employment differences are concentrated among women, the youth, and older individuals. In this paper, we … aggregate employment differences across a large panel of European countries. We then build a life-cycle Diamond …