Why are financial crises associated with a sustained rise in unemployment? We develop a tractable model with frictions … in unemployment. We then explore the micro-level impact by tracking the employment dynamics for firms of different sizes …

rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …

decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90 …

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …

feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

small increases in unemployment risk and no wage effects on the individual level, despite a 30% increase in plant mortality …