dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment … are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents … states that raised firing costs by introducing exceptions to the employment-at-will doctrine. …

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the … characteristics of the households in the survey and unemployment rates in the industries in which the households usually work. The …

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 …

. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. For prime age workers employment rates were also affected but for older workers the Great Recession did not have a large …

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market … decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are … examined: (i) `unemployment persistence', arising when temporary shocks have persistent effects on unemployment; and (ii …