offers, the determinants of reservation wages, transitions out of unemployment, and accepted wages. In this exploratory … wages do decline with the jobless spell (and aggregate unemployment); that transitions out of unemployment exhibit strong …

covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force … years. However, the impact of this development on unemployment is rather limited. …

unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …) differences across European countries in the role played respectively by unemployment and labor force participation. The model …