search models, it is assumed that the economically relevant movements occur between employment and unemployment. If there are … significant flows between labor force participation and inactivity, ignoring the participation decision can lead to biased results …

-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the …, the countries with the best results in terms of unemployment and employment would have been those that had a more flexible …

Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …

, unemployment and nonparticipation for each country. We develop a decomposition measuring the contribution of these transition … institutions. Our analysis emphasizes age-dependent vs. age-independent labor market policies, and policies related to family … picture of the employment effects of labor market institutions …

depreciation upon job loss—and its interaction with labor market institutions. We have three main results, based on a life … between turbulence and institutions explains most of the reduction in labor force participation among older workers in Europe … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in …

We discuss the ease with which individuals can move between employment, unemployment and inactivity over time in the EU …. Transitions from unemployment and inactivity back into employment are relatively weak in Central Eastern, Mediterranean and …

the ease with which individuals can move between employment, unemployment and inactivity over time. The results suggest … countries. Nonetheless, transitions from unemployment and inactivity back into the labour market are relatively weak in the euro … remaining in unemployment over two consecutive periods decreased in Sweden, the euro area, and, to a lesser extent, Denmark …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …

suggests that increased inactivity among older workers, the so called She-cession (particularly in the US) and shifting worker …

The paper starts by presenting some stylised facts on youth unemployment over the last two decades, both at the euro … area and the country level. It shows that despite declining considerably over the last few years, youth unemployment has … relationship between the share of young people in the total population and the youth unemployment rate, i.e. the smaller the share …