We explore whether finance influences the impact of labour market institutions on unemployment. Using a data set of 18 … market variables to unemployment are affected by financial factors. In Belgium, Italy, Australia, Japan and Spain, accounting …, both effects prevail, depending on the labour market indicator used. -- unemployment ; labour market ; financial factors …

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 …

unemployment in the subsequent bust phase. Moreover, credit contractions associated with rigid labor market institutions lead to … total, youth, and long-term unemployment are estimated using local projections for a panel of 20 OECD countries over the … significant increases in all three unemployment measures. On average, credit contractions in the sample increase total …

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We …, tighter credit leads to lower output, lower number of vacancies, and higher directed-search unemployment. Where workers are …

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We …, tighter credit leads to lower output, lower number of vacancies, and higher directed-search unemployment. Where workers are …

. The former allows equilibrium unemployment to arise endogenously while the latter is responsible for equilibrium credit … rationing. This structure is used to investigate a theoretical link between the level of unemployment and the extent of credit …