und dem entsprechenden Risiko der Arbeitslosigkeit gebildet werden. …

The aim of the paper is to contrast and test the NAIRU theory and the Keynesian theory of unemployment econometrically …. For the former, wage push variables are key in explaining the rise of European unemployment, for the latter accumulation … unrelated regression method (SUR). Unemployment benefits, union density and the tax wedge were used as wage push variables, and …

In this paper we present an investigation of unemployment persistence in Japan, the United States and fourteen European … recent differential unemployment persistence in our sample of countries: first, sluggishness in labour demand, and second … deviations from target. We also examine the short-run and medium-run effects on unemployment of shocks and policies that shift …

We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor … measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment …

This paper starts from the observation that despite their very high levels of unemployment, major European countries … have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I …