impact in Finland than in its twin economy, Sweden. -- Unemployment dynamics ; chain reaction theory ; capital accumulation … fundamental role in shaping unemployment movements. This role has generally been examined by considering indirect transmission … single-equation unemployment rate models. Here we advocate a different approach. We directly estimate the effects of capital …

fundamental role in determining unemployment movements. This role has generally been examined by considering indirect transmission … the chain reaction theory of unemployment, and we find that capital stock is a major determinant of unemployment in the … Nordic countries. In particular, the different unemployment experiences of these economies derive from the temporary (albeit …

fundamental role in shaping unemployment movements. This role has generally been examined by considering indirect transmission … single-equation unemployment rate models. Here we advocate a different approach. We directly estimate the effects of capital … stock in the labour market by applying the chain reaction theory of unemployment, and we find that capital stock is a major …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate …

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate …

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate …