This paper studies the relationship between the change in the unemployment rate and output growth using an approach … based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric …/asymmetric and that the outcome lies with the behavior of the labor flows in response to growth. The encompassing framework nests the …

interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …

This paper examines whether unemployment of non-western immigrant workers in the Netherlands was disproportionally … affected by the Great Recession. We analyze unemployment data covering the period November 2007 to February 2013 finding that … the Great Recession affected unemployment rates of non-western immigrant workers in absolute terms more than unemployment …