One of the stylized facts of unemployment is that shifts in its mean rate between decades and half-decades account for …-parametric density estimation techniques to identify the dates of infrequent changes in the mean of the unemployment rate series of 17 … countries. They find that in most countries, unemployment persistence is small once the (infrequently) changing mean rate has …

. The former allows equilibrium unemployment to arise endogenously while the latter is responsible for equilibrium credit … rationing. This structure is used to investigate a theoretical link between the level of unemployment and the extent of credit …

level and time path of the unemployment rate. It is demonstrated that (1) a higher contribution rate results in a lower … unemployment rate, and (2) the economy with a high (low) contribution rate experiences monotone convergence towards (oscillatory …

education groups, and the increase in unemployment at all levels of education. In contrast, in previous literature this type of … overeducation is key to understand the response of unemployment to the technology shock …

under-invest in increasing quality. As a result, the market outcome features lower long run growth, higher unemployment and …

impact on the rate of unemployment via a hysteresis mechanism. The magnitude of this effect depends on the slope of the short …

The concept of the natural rate of unemployment is widely used in the analysis and discussion of macroeconomic policy … unemployment. Hence, measures of the natural rate, whether constant or time-varying, are necessarily model-dependent. Various …

model in Daveri and Maffezzoli (2000), where unemployment is generated by monopolistic unions, and calibrate it to reproduce …

We estimate life-cycle transition probabilities between employment, unemployment and inactivity for U.S. workers. We … assess the importance of each worker flow to account for participation and unemployment rates over the life-cycle. We find that … inactivity exit and entry matter, but the empirically relevant margins defy conventional wisdom. High youth unemployment is due …

Author in the present paper attempts, through a panel data econometric model, to point out that unemployment has a …