that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …

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 …

unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …

increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …

emerging economies. No link between digital adoption and the unemployment rate is found, however. To explain this evidence, we …