This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …

unemployment to employment using detailed Danish event history data obtained from administrative registers. We find large positive …

participation in unemployment spells - to assess the nature of labour market policy effectiveness. The experiment was conducted in … increases in the exit rate from unemployment ranging from 20 to 40%. When introducing time-varying indicators for the various … rate from unemployment, neither during the week in which the activity takes place, nor after the activity is completed …

causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

her first six months in unemployment – enters the employment office for the first time, this model predicts whether he or …