Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …

real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers? federations are not able to …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

immigrants arriving in Australia at the end of the 1990s. Moreover, approximately half of the fall in men?s unemployment rates … also stems from increases in productive skills, though the substantial decline in women?s unemployment rates are driven …

This paper shows that employability strongly moderates the effects of unemployment and of job insecurity on well … risks surrounding unemployment and employment transitions to affect well-being both directly and indirectly through their … impact on expected income. Second, the framework allows for the interaction between unemployment and employability, and …