of unemployment. It is this body of work we assess in this paper. We reach two main conclusions. First, there has been … think for example about the relation between technological progrss and unemployment. Second, empirical knowledge lags behind … countries. We look at two issues, the relation of wages to unemployment, and the risk of European unemployment …

In this paper, a theory of the natural or equilibrium rate of unemployment is built around a theory of the duration of … a minority are on temporary layoff or have just entered the labor force. Thus, high-unemployment labor markets are … efficient. The factors influencing the resulting natural unemployment rate are discussed. Under plausible assumptions, the …

This paper investigates the precision of conventional and unconventional estimates of the natural rate of unemployment … series for unemployment and inflation, including additional supply shift variables in the Phillips curve, using monthly or …

identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …

regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea …, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0 …

pay and the local unemployment rate -- in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …

unemployment and vacancies. Following suggestions by Robert Hall and Robert Shimer, this paper shows that a relatively standard … simulate moments of an artificial economy with and without sticky wages and we document the dependence of unemployment and …

This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and …, accounting for most of the observed decline in job finding rates over the spell of unemployment. We also find that job seekers … calibrated model of job search how these biased beliefs contribute to the slow exit out of unemployment and can explain more than …