assess workers' performance, the discipline device role of unemployment may account for sharp declines in employment and … wages may prevail in equilibrium: the large movements in unemployment are indeed associated with real wage rigidity, which …

The fall in employment and the increase in unemployment rates in Italy in 2009 were fairly modest, given the sharp drop …, the rise in the unemployment rate has been curbed by extensive recourse to temporary income support schemes to reduce …

is applied to a bivariate VAR of output growth and changes in the unemployment rate for the US economy. The nonlinearity … is found to be statistically significant only in the unemployment equation and it transmits to GNP through the cross …

wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …

is applied to a bivariate VAR of output growth and changes in the unemployment rate for the US economy. …

Italy in 2007 and 2011. We measure the severity of the recession in terms of increases in the adult and youth unemployment … unemployment rate worsens the financial condition of the family, raising the drop-out probability. On the other hand, by reducing … the opportunity cost of tertiary education, an increase in the youth unemployment rate reduces the drop-out probability …