In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

potential participants. Our econometric analysis uses unusually informative data originating from administrative unemployment …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

unemployment. In addition, allowance is also made to accommodate the ?stayer? phenomenon in the state of employment. All these were …

Diamond (1994) that an individual?s probability of leaving unemployment decreases with unemployment duration and increases …

This study examines individuals? unemployment experiences from the age of 18 up to the age of 35 using a large panel of … administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus … is on the extent to which individuals? unemployment experiences are affected by regional and skill differences, i …