In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous … empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can … time series exhibits nonlinear behaviour. Our empirical findings provide significant evidence in favour of unemployment …

This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …

We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S.. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …

This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using … set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tends to push up the unemployment …

In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …