Contents: Foreword -- Acknowledgements -- 1. Introduction to the governance of labour administration / Jason Heyes, Ludek Rychly, Maria Gavris and Maria Luz Vega Ruiz -- Part I: Key issues in labour administration -- 2. Evolution of national systems of labour administration since the adoption of...

In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long-term by its equilibrium rate, which in turn is affected by permanent shocks of some exogenous variables. In our empirical approach we decompose the dynamics of employment and...