This paper analyses deviations from full employment in EU countries, compared with the US and the UK. We apply the … Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …

This paper analyses deviations from full employment in EU countries, compared with the US and the UK. We apply the … Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …

A new model of unemployment based on an idea of Marx is presented and used to interpret the development of the British … economy from the beginning of capitalism to the present. It is shown that unemployment may be created purposely by capitalists … unemployment and can explain why wages took almost a century and a half to react to the growing capital to labour ratio that …

A new model of unemployment based on an idea of Marx is presented and used to interpret the development of the British … economy from the beginning of capitalism to the present. It is shown that unemployment may be created purposely by capitalists … unemployment and can explain why wages took almost a century and a half to react to the growing capital to labour ratio that …

earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital … downturn, as documented in the empirical literature. At the aggregate level, the framework delivers youth unemployment rates … that are higher and more sensitive to fluctuations in aggregate productivity than total unemployment rates. Additionally …