series labour productivity (prod), employment (e), unemployment rate (U), real wages (rw).This notion was definitively … variables will only be -0.003 for real wages or -0.3%, -0.001 for unemployment or -0.1%, -0.000 for productivity or -0%,and -0 …% for employment. This means that Canadian labour market is in equilibrium working at natural rate of unemployment and by …

capital loss, the unemployment rate in an economy with human capital loss during unemployment will not be higher than in an … economy with no human capital loss. The reason is that the increase in the unemployment rate led by human capital loss is more …The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … smaller training costs, so that the welfare implications of each type of economy are a priori ambiguous: no model dominates …