return to one of the most important ideas to emerge from Keynes’ (1936) General Theory; that high involuntary unemployment …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are …

This paper examines the impact of housing tenure choice on unemployment duration in Belgium using EU‐SILC micro data … simultaneously estimate unemployment duration by a mixed proportional hazard model, and the probability of being an outright … the causal influence of different types of housing tenure on unemployment duration, we use instrumental variables. Our …

Compared with the steep, persistent increase in unemployment that the Great Recession triggered in the United States …, its effect on unemployment in Germany was surprisingly mild. While U.S. unemployment soared from 4.8 percent to 9 ….5 percent between the fourth quarter of 2007 and the fourth quarter of 2010, the German unemployment rate actually fell from 7 …

centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and … decrease in the number of unions) triggers two opposite effects on real wages, unemployment and inflation. It reduces the … competition effect" raises real wages, unemployment and in°ation. But the decrease in the number of unions also strengthens the …

-off policy of firms can explain the relatively high level of unemployment amongst lower educated workers and the relatively … strong sensitivity of their unemployment rate to the business cycle. We find that lay-off rates decrease with education but … with a higher level of education can not explain the stronger cyclicality of the unemployment rate for lower educated …