Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …

This paper considers the issue of unemployment one of the most pressing issues facing the UK and other governments, as … unemployment among the young and other disadvantaged groups, is typical of past experience. The paper reviews past literature on … the causes of unemployment, arguing that the origin of the present difficulties lies with a collapse in demand rather than …

A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper …

Monetary Policy Committee (MPC) to both unemployment and underemployment, which in our view are invalid. Without any evidence … the MPC in its assessment of the output gap reduces the level of unemployment because of its claim that long …-term unemployment has no effect on wages. We produce contrary evidence. The MPC further reduces the level of underemployment in the …

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

of different job search methods, conditional unemployment benefits hikes can improve welfare when individuals are risk …