The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly … area which is particularly relevant for Australia. This paper attempts to fill this void by estimating a multi … causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main …

This paper seeks to gain insights on the relationship between growth and unemployment, when considering heterogeneous …

results point out that EPL reforms achieve the largest reduction in unemployment when they are targeted to workers with lower …

relationship between real wages, labour productivity and unemployment. Different time series econometric tools confirm that incomes … impact of incomes policy on the weak relationship between real wages and unemployment is detected. The analysis calls for a …

This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have …

wages. A one-point increase in the unemployment rate decreases wages of newly hired male workers by around 2.8% and by just …