This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in … the unemployment rate—varies substantially across countries. This variation is partly explained by idiosyncratic …

Middle East, North Africa, Caucasus and Central Asia. These countries simultaneously display high unemployment rates, low …-sector employment rates or unemployment rates on two measures of public-sector employment point to full crowding out. This means that … rates and do not reduce overall unemployment rates. …

Despite its low unemployment rate, the recent shift in the Japanese Beveridge curve indicates increased labor mismatch … crisis. Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in the unemployment rate in Japan …

German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …

JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …