This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … utilisation and the degree of volatility of the real exchange rate interact to generate changes in equilibrium unemployment. This …

equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …

Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the … interest. If the wage grows in line with productivity, there is a positive relation between growth and unemployment. If the … incentive to hire. There emerges a trade-off between growth and unemployment. …

This paper examines the factors contributing to the rise in unemployment in Australia during the depression of the 1930 … were predominant, it has also claimed that excessive real wages created unemployment. The Layard-Nickell model, which has … been used to examine the relationship between real wages and unemployment in interwar Britain, is estimated from Australian …

Unemployment in the 1930s was low in France by international standards, nevertheless there was a virulent drive to … expel immigrant workers as a means of limiting domestic unemployment. This involved not only the repatriation of the foreign …

This paper explores the effects of unemployment on the school enrolment decisions. A few studies that have taken up … enrolment decision that is capable of explaining these results in a unified manner. In this model, unemployment affects the …

unemployment benefits, the existence of Active Labour Market Policies, the change in labour demand, segmentation of the labour … market, and unemployment as a queuing phenomenon. We test each of these explanations and find that labour market segmentation …