This paper explores the co-integrating relationship between unemployment and the labor force participation rate in Japan from a regional perspective. The univariate co-integration tests indicate that the “no co-integration” hypothesis cannot be rejected in Northern-Kanto, Hokuriku and...

Assuming full hysteresis in the Austrian labour market, a simple macroeconomic framework is used to model the effect of four structural shocks, i.e. shocks to productivity, demand, wages and labour supply. By using SVAR analysis, we derive impulse-response functions that show the effects of...

This paper examines the interrelations between self-employment and unemployment rates for Spain in the period 1972-2004, comparing them with the general pattern observed for OECD countries. We apply the model as proposed by Audretsch, Carree, van Stel and Thurik (2005) to Spain. The divergence...

This paper uses a two-step Markov-switching error correction model to determine the impact of government employment on the labour market in Barbados, a small island developing Caribbean state. The results suggest that there is partial crowding out, as public sector hiring reduces private...

The study examines the relationship between unemployment and property crimes for Pakistan covering the period of 1975 to 2008. The Johansen cointegration methodology along with Granger causality through VEC is applied to the annual time series data. The results of the cointegration analysis...

According to the sectoral shifts hypothesis of Lillien (1982), fluctuations in labor demand across sectors are responsible for a substantial fraction of the variation in unemployment. The main purpose of this paper is to test the Lillien hypothesis that sectoral shifts in employment are also...

Official data indicate a much less severe impact of the international crisis on employment in Italy than might have been predicted. But the standard measure of unemployment agreed at international level has some shortcomings. Its “objective” definition of unemployment is a poor fit with the...

The year’s economy shows an increased unemployment rate, decreased housing values, descending stock markets, decreased interest rates, products’ prices impossible to control from the consumers’ perspective. In the last five years, they have felt the pressure of the crisis’ effects which...

In recent years, particularly in the European Union, it is believed that the reduction of labor costs will contribute to the competitiveness and adaptability of enterprises and thus to maintain existing and create new jobs. Since the early 1990s, Greece following the guidelines of the European...

The present paper studies whether labour market deregulation is correlated with employment creation in Italy and the decline of trade union power. Our hypothesis is that the correlation does not hold, and that flexible contracts facilitated the dichotomy between industry and tertiary, without...