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 … lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct …

up to 29 years. I find that high and progressive labour taxes and generous unemployment benefits amplify labour income … changes through dismissals. -- employment fluctuations ; business-cycle ; EPL ; tax wedge ; unemployment benefits …

for immigrants than for natives: a one percentage point increase in the unemployment rate is associated with a 0.61 and 0 …

Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …

monthly transitions among employment, unemployment, and nonparticipation. Immigrants are found to be first fired and first … hired over the business cycle, and the aggregate unemployment gap is caused by immigrants’ higher rates in the unemployment …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …