On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment … (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our … analytical framework, which follows the chain reaction theory (CRT) of unemployment and argues that (i) a system of interactive …

This paper provides new evidence for the evolution of regional unemployment rates in Spain over the 1980-2000 period … richer interpretation of regional disparities, and (ii) can capture the unemployment effects of growing variables such as … capital stock. After classifying the 17 Spanish regions into high and low unemployment groups using kernel and cluster …

Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

We analyse the effects active labour market programmes (ALMPs) have on unemployment in a union wage-setting framework … case where ALMPs increase match efficiency of the marginalized workers, and show that ALMPs may increase unemployment. …

, unemployment and the size of the informal sector are affected by punishment policies, which has been ignored in the previous …

. Furthermore, if the presence of skill-biased technological shocks increase unemployment, this may explain why the market it …-between subsidizing education and thereby reducing unemployment and optimizing welfare may be eliminated. We analyse this issue in a …

associated with high consumption value and low effort. This increases the skill mismatch and aggregate unemployment in the …