that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … benefits affect individual decisions on absence and search and the implications for employment, unemployment and …

force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are … the relevant labor market in-stitutions in the Netherlands and use recent reforms to assess the importance of the …

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …