This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well …

model of equilibrium unemployment. We find that higher firing costsmay even reduce temporary work agency employment if …

This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage … traps. -- Unemployment ; labor market trap ; East Germany …

low wages to this individual unemployment to signal a high reservation wage. -- strategic unemployment ; asymmetric …

A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper …

-setting mechanisms and the cyclicality of unemployment in Euroland. We find that in the 1990s unemployment cyclicality has been higher in … still offer a convincing explanation for a significant part of Euroland's problem of persistently high unemployment. There …. -- unemployment ; wage-setting mechanisms ; European Monetary Union …