Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

labor market and examines the implications of joint household decision-making for cyclical fluctuations in the unemployment …, and find that joint household decision-making contributes to the counter-cyclicality of women’s unemployment rate, but not …

business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our … estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate … facts observed in the data. First, the land price and the unemployment rate tend to move in opposite directions over the …