, it delivers an expression for the employment rate and as side-products, a measure of the unemployment rate and the size … of the labor force. Second, it rationalizes several empirical works on the definition of unemployment in labor force … rationalizes differences in employment rates: in the U.S., we find a market productivity premium of +30% and market frictions of …

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

employment to a technology shock. The results of the estimation support the hypothesis that labor market frictions are … responsible for the negative response of employment. …

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is … largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In … employment. It is shown that the usual trade off between employment and wages disappears in the long run. In line with an …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

The relationships among geographical mobility, unemployment and the value of owner-occupied housing are studied in an … same time housing market conditions affect employment decisions and thus the allocation of labour across cities. In … equilibrium, unemployment rates for home-owners are higher than for otherwise identical renters. Unemployment and home …

country after a period of no-income. Employment characteristics and the country of origin play an important role in explaining … the dynamics. Microsimulations of synthetic cohorts reveal that many migrants experience unemployment spells, but ten … only increase the unemployment among migrants but also departure from the country. Scenarios also indicate that an increase …