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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...
Persistent link: https://www.econbiz.de/10005703122
This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
Persistent link: https://www.econbiz.de/10005703234
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 interplay between these adjustment processes and the...
Persistent link: https://www.econbiz.de/10005703238
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 remained...
Persistent link: https://www.econbiz.de/10005763790
The fall in employment and the increase in unemployment rates in Italy in 2009 were fairly modest, given the sharp drop … caution, however. Firstly, employment trends as measured by Italian labour force survey may understate the decline in total … employment if, as seems plausible, a lag exists between the entry of immigrants into the country and their registration. Secondly …
Persistent link: https://www.econbiz.de/10008553017
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 labour market adjustment processes, (b) the interplay between these adjustment processes and the...
Persistent link: https://www.econbiz.de/10005124001
This study analyses Dutch employment growth and dynamics during the booming end 1990s. In this period many new jobs … were created as employment growth was strongly positive. Next to these net flows of employment the gross flows of … employment ­i.e. the numbers of jobs created and number of jobs destructed- are calculated per establishment in 1994, 1996 and …
Persistent link: https://www.econbiz.de/10005030226
Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real average labour compensation to microeconomic total factor productivity (TFP). Our results may be summarised as follows. First, we find that the elasticity of average labour...
Persistent link: https://www.econbiz.de/10005033321
inter-relations of employment, unemployment, labour force participation and migration to see how a change in region …-lived effects on unemployment and participation, but its effect on employment is permanent. Conversely, total shocks leave no …
Persistent link: https://www.econbiz.de/10005546008
This paper analyses the employment effects of mergers and acquisitions by using matched establishment-level data from … Finland over the period of 1989-2003. The data covers all sectors. We compare the employment effects of cross-border M&As with …-border M&As lead to downsizing in manufacturing employment. The effects of cross-border M&As on employment in non …
Persistent link: https://www.econbiz.de/10005622076