This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

factor behind high unemployment when jobless people prefer to remain in their home region rather than to go prospecting in …, which appears to be a strong factor of immobility. It is also a fairly large factor of unemployment when social capital is … Europe they tend to invest in more general types of social capital, we argue that part of the European unemployment puzzle …

and persistent unemployment compared to Estonia during the period of EU enlargement. …

others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … ability to cope with economic changes. We find that holding a vocational degree is associated with much longer unemployment … unemployment compared to Estonia during the period of EU enlargement. Traditional labor market institutions (wage rigidity and …

and persistent unemployment compared to Estonia during the period of EU enlargement. JEL Classification: J30 …

factor behind high unemployment when jobless people prefer to remain in their home region rather than to go prospecting in …, which appears to be a strong factor of immobility. It is also a fairly large factor of unemployment when social capital is … Europe they tend to invest in more general types of social capital, we argue that part of the European unemployment puzzle …