of taxes. Controlling for demand-side and supply-side determinants of unemployment, we show that the PTB plays a … significant role in explaining unemployment in the continental European countries, but not in the Nordic nor the Anglo-Saxon ones …. We also show that there is no relationship between the incidence of the PTB and unemployment persistence, even though …

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly … 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 …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …

stock in the labour market by applying the chain reaction theory of unemployment, and we find that capital stock is a major … fundamental role in shaping unemployment movements. This role has generally been examined by considering indirect transmission … single-equation unemployment rate models. Here we advocate a different approach. We directly estimate the effects of capital …

chain reaction theory (CRT). We show that unemployment may not gravitate towards its natural rate due to frictional growth …The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies … were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price …