employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

.g., by reducing the threat of unemployment after management opposition or employer retaliation in response to a unionization …

transportation platforms. We present evidence that the availability of expanded unemployment insurance benefits resulted in many …

relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to … unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … institutions explain a modest portion of this change, the interaction of these shocks and labor market institutions is the most …

taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the … impact of technical change on relative wages and unemployment in a world in which one country has flexible and the other …