By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

vacancies in the local labor market, and what impact it has on employment. A greater availability of unemployed workers should … unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor … estimation, show economically significant effects of shocks to the number of vacancies on employment dynamics, while shocks to …

-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and … firms?incentives to post new jobs. Labor market tightness as measured by the vacancy-unemployment ratio is as volatile as in …

model framework to resolve that puzzle. Our efficiency wage model emphasizes the importance of the local unemployment rate … that nonzero steady involuntary unemployment at equilibrium may coexist with an efficiency wage that stays below the market …

facts observed in the data. First, the land price and the unemployment rate tend to move in opposite directions over the … business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our … estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor markets adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

a severe macroeconomic recession with mass unemployment. By the early 1990s, workers on fixed-term contracts accounted … increased prevalence. Our analysis reveals that open-ended and temporary employment exhibit strikingly different cyclical … behaviour with temporary employment being more volatile. A recession is associated with an initial decline in temporary …