to reduce the currently high unemployment among the low-skilled dramatically. Among the high-skilled, scarcities will …

performance indicators (unemployment, long-term unemployment, employment, activity rate). Our results confirm that high taxes … increase unemployment, while active labour market policies tend to reduce it. We also show that stricter employment protection …

interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We … as well as decreased banking concentration reduce unemployment if the level of labour market regulation, union density …

increase in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

labour across firms affects economy-wide unemployment. Offshoring reduces unemployment when it is confined to high …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms’ financial … conditions, and, in turn, firms’ financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …