The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...

Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United States, the United Kingdom and Germany between 1871 and 2009. We identify for each country three distinct regimes in inflation/unemployment space. There is considerable...

Seit Anfang der 90er Jahre nimmt in der Bundesrepublik die Arbeitslosigkeit trotz fallender Lohnquote kontinuierlich zu. Haben wir die keynesianische Situation einer mangelnden Nachfrage auf den Gütermärkten? Kann die Arbeitslosigkeit durch eine expansivere Lohnpolitik abgebaut werden?

Economic job search theory offers two complementary predictions about the effects of unemployment benefits on job search outcomes among unemployed workers. By raising workers' reservation wages, unemployment benefits should contribute to both prolonged spell duration and improved...

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers' well-being by exploiting sectorspecific institutional differences in...

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment,...

Comparing the unemployment insurance systems of the United States and of the United Kingdom it is shown that the US unemployment insurance (UI) is the only system that provides for a negative feedback between UI expenditures and layoffs (“experience rating”). The UK has no specific UI:...