labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and …This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model …The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment … rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in …

This paper explores the interrelation between the degree of unemployment persistence and the unemployment-productivity … unemployment and making unemployment less persistent, the less effective will be the growth-promoting supply-side policies (such as … training schemes) in reducing unemployment. …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …