The long-term equilibrium unemployment rate has returned to the center of the economic debate in France. It derives … compute a long-term equilibrium unemployment rate that depends, in France, on the terms of trade, the employer social …

unemployment rate. Exogenous shocks (such as aging) leading to lower interest rates also imply lower equilibrium unemployment rates … reinforced by increases in the participation rate of older workers, induced by the higher wage rates and the larger probability …

cyclical volatility of unemployment and vacancies. The increased search of employed workers during expansions has two effects … job search. The overall effect of OTJS on unemployment volatility is thus ambiguous. We showanalytically and numerically … unemployed job seeker determines the degree to which OTJS increases unemployment volatility. We use this result to re …

unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …