We design a new specification of Okun's model that takes the following features into account: estimation of the relation in first differences, the possible lagged effect of GDP dynamics on unemployment changes, the persistence of unemployment rate dynamics, the possible different values of Okun...

This article empirically assesses the evolution of European regions in terms of both employment and unemployment during the recent financial crisis and global recession. Our specific research questions are as follows: (i) has there been a reversal in employment and unemployment dynamics at a...

This paper assesses the impact of the crisis on the NEET rate and on the youth unemployment rate (YUR) of the EU regions. It begins with a review of the literature and presents some descriptive statistics on NEET and YURs. We use Eurostat's data for the period 2000-2011 concerning the NUTS-1...