unemployment depends positively on the drift coefficients and negatively on the volatility coefficients of both price and … relation of inflation and productivity with unemployment at low frequencies. Long-run unemployment is negatively correlated …

The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or …

Using a dynamic efficiency wage model, where a Phillips curve appears because worker morale depends on the unemployment … on unemployment in two steady states. In one steady state, only structural unemployment occurs. In the other, not only … structural unemployment but also Keynesian unemployment arises. We find that the effects obtained in the former steady state …

stochastic general equilibrium models are unnecessary and impossible. Second, Keynes’ unemployment equilibrium is realized due to … market failure in the Walrasian economy. Therefore, involuntary unemployment is caused not by the price aspect but by …

I investigate to what degree differences in retraining opportunities are responsible for the divergence of unemployment … becomes more difficult to find suitable retraining programs, enrollment rates, productivity and the unemployment rate decline …), I find that the generosity of unemployment benefits, the main driving force in their model, is not an important …

unemployment rates. These findings have been interpreted as support for the hysteresis hypothesis. In this paper, we analyze a … panel of unemployment rates of fifteen OECD countries by using a panel-based test. The test exploits the cross … and time periods. It is found that the null hypothesis of a unit root in unemployment rates can be rejected in general …

The paper develops an overlapping generations model that highlights interactions between social security, unemployment … and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a … direct effect on economic growth. Both pensions and unemployment benefits influence equilibrium unemployment caused by wage …

uncertain productivity; thus youth unemployment is higher …

relationship between the rate of unemployment and economic growth. In other words, the higher the unemployment rate the lower the … regressed against the average unemployment rate over the same period.Findings: The paper discovers that or 185 countries in the … strongly support Okun’s Law: that a 1% drop in unemployment leads to a ¼ % increase in growth, in crude terms, across the globe …

This paper examines the determinants of the natural rate of unemployment using a combined cross section and time series … temporary employment in a local labor market tends to lower the natural rate of unemployment -- most likely through the matching … as 1/4 percentage point. The results also indicate that unemployment insurance benefits tend to boost the natural rate …