The unemployment rate captures the search behavior of job losers, as well as new entrants or reentrants to the labor force. The behavior of these unemployed groups can display significant differences. This paper extends the Shapiro-Stiglitz model to include an analysis of equilibrium job loss...

This article analyses unemployment’s structural components. The changes observed in the unemployment rate in Cali during the period from 1988 to 1994 were caused by a decrease in average job-search time or increased rate of ceasing to be unemployed. The empirical evidence rejected the...

The long-run component of the Colombian unemployment rate is estimated for the last twenty years. According to the results, the main determinants of the permanent component of the unemployment rate are the real hourly wage, the non-wage labor costs and the rate of capital accumulation. Given the...

The Colombian urban unemployment rate grew dramatically over the last six years. At the same time the real wage also had a sharp increase. The empirical evidence supports the hypothesis that an exogenous increase in the real wage was a cause of the unemployment growth. The long-run elasticity...

This paper reexamines Okun's law by applying the Box-Cox transformation of variables. Major findings are that the effect of a change in the GNP gap on the unemployment rate varies from -0.280 in 1969.1 to -0.801 in 1982.4; the effect is larger (smaller) when the unemployment rate is higher...

The present work comes in support of delimitation, identifying and solving complex problems arising from the implementation of the global economy. Unemployment is a contemporary economic phenomenon increasingly spread due to a complex and comprehensive in nature, affecting the economic, social,...

This paper investigates whether economic conditions influence environmental policy by examining how policymakers voting on environmental legislation respond to changes in their state’s unemployment rate. The outcome of interest is a US Senator’s League of Conservation Voters score, which...

Romania, like many other states, is affected by two major imbalances: inflation and unemployment. The article proposes an analysis of the inflation – unemployment relationship over time and particularly the coverage of this relationship in Romania, considering the age group 20-24 years. In...

Romania, like many other states, is affected by two major imbalances: inflation and unemployment. The article proposes an analysis of the inflation – unemployment relationship over time and particularly the coverage of this relationship in Romania, considering the age group 20-24 years. In...

This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First,...