; employment ; wage setting ; labour force participation ; labour market dynamics ; unemployment persistence ; imperfect …

growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … interplay between these adjustment processes and the dynamic structure of labor market shocks, and (c) the interaction between …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … implications. Our analysis shows that the rise in EU unemployment over the 1970s and first part of the 1980s was due largely to …

address the more complex, and open, question of how employment and unemployment move through time, in response to labor market … been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also …

This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …