not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal and quantitative …

In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long … the permanent and transitory components for the movements of the unemployment rate in four countries (Austria, France, UK …, and USA). We find that the transitory component has a significant impact on unemployment only in the US. In contrast to …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment. This paper challenges what is the standard … account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to … movements in the underlying empirical "natural rate of unemployment" (NRU). Our analysis suggests that the British NRU has …

, reflecting a return to historically low levels of unemployment. Insecure workers are concentrated in jobs with temporary …

. Unemployment had reached its lowest levels for thirty years going in to the latest recession and has also remained relatively … subdued through the downturn, certainly compared to previous recessions. A combination of lower inflow rates into unemployment … seen before the recession. -- labour market ; recession ; unemployment ; wages …