This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

workers in service occupations are identified to exhibit rising unemployment due to wage rigidities and are therefore not …

education on labour force participation and on unemployment can be attributed to literacy and numeracy (the indirect effect) and … literacy and numeracy on participation or unemployment. The direct and total effects of experience are the same. The findings …

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

implicitly contribute to unemployment. The low level of unskilled unemployment as well as of unemployment in general in the U …-off hypothesis by Krugman that the high unemployment in Europe is just the other side of the medal where increasing wage inequality … contradicting or inconclusive empirical evidence. Increasing wage inequality might bring down unemployment in Europe but will …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised Solow-type growth model yields some answers. In the traditional Solow model, unemployment has no long-run influence on … the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …