probabilities between private and public employment, unemployment and inactivity. We examine the stocks and flows by gender, age and … unemployment rate. Public-sector employment contributes 20 percent to fluctuations in the unemployment rate in the UK, 15 percent …

private sector would lower the unemployment rate and reduce government costs. …

wage policies in the public sector on unemployment and education decisions. The effects on the educational composition of …

employment, unemployment and inactivity, from several angles. I examine aggregate conditional transition probabilities, job …-to-job flows, employment separations by reason, flows between inactivity and the labour force and flows by education. I decompose … contributions of job-finding and job-separation rates to fluctuations in the unemployment rate. Over the past cycle, the job …

public sector wages and employment affect male and female unemployment, inactivity rates, and wages differently. …

the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers … it. Hiring more people can increase or decrease the unemployment rate. All shocks raise the wage and crowd out employment …