level of frictional unemployment as a statistical feature of a decentralized labor market. Shocks to the economy can produce … short-run equilibrium involuntary unemployment arising from unfulfilled expectations. Even after agents align their … negative shock to demand can result in higher levels of equilibrium unemployment. In this way the model exhibits a particular …

The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important … factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …

unemployed without any entitlement to unemployment benefits or any individual social protection like health care. These …, stricter eligibility rules to unemployment benefits introduced with the reforms. This re-familisation of social security stands …

infrastructure. While unemployment and enforced idleness" persist, existing time-use survey data reveal that people around the …

success in reducing unemployment. Despite outperforming its peers in terms of macroeconomic stability, Tunisia's official … unemployment rate still hovers around 15 percent, with two-thirds of first-time job seekers having university degrees. The paper …

Unemployment was singled out by John Maynard Keynes as one of the principle faults of capitalism; the other is … depression, it is worthwhile to examine Hyman P. Minsky's comprehensive approach to resolving the unemployment problem. …