This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as … fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the … unemployment not only in the short run, but in the long run as well. The reason is that, in the presence of growing exogenous …

increase during 2012, though unemployment was stable. The paper also investigates the microeconomic determinants of …

This paper studies the incidence and determinants of episodes of drastic unemployment reduction, defined as swift …, substantial, and sustained declines in unemployment. We identify 43 episodes over a period of nearly 3 decades in 94 rich, middle …-income and transition countries. Unemployment reductions often coincide with an acceleration of growth and an improvement in …

this kind of model features no production and full unemployment, making them useless for any policy analysis. A comparison …

One of the main puzzles associated with the Great Recession has been the muted increase in recorded unemployment in the … unemployment, but also means that (i) significant numbers of workers are supplying fewer hours of work than they would like and (ii …

spanning the period 1996 to 2004. The effects of changes in the minimum wage on unemployment, formal-sector employment and the …

labour market states: self-employment, employment, and unemployment. This enables us to assess the effects of changes in … obtained. First, the aggregated unemployment rate is found to have a positive effect on the probability of becoming self … unemployment drastically reduces this probability. Third, the government policies undertaken during the 1980s are found to have …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … benefits, `benefit transfers', would help replace the unemployment trap by providing an incentive to seek and provide jobs. The …