employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … important factor explaining the shift in US relative unemployment. Our finding of the central importance of these interactions … relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to …

taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the … impact of technical change on relative wages and unemployment in a world in which one country has flexible and the other …

unemployment. The sample of approximately 15,000 observations is drawn from the 1988 Alcohol Survey of the National Health …

from unemployment to income inequality. It makes three points: 1) The U.S. has incarcerated an extraordinarily high …

. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

This paper surveys recent research on employment and unemployment in the 1930s. Unlike earlier studies that tended to … dispute the view that representative-agent models are useful for interpreting shifts in employment and unemployment over the …