in Europe, the book discusses a unique characteristic of the European labor market- that unemployment not only rises …This book, edited by S.G.B. Henry and Dennis J. Snower, examines the high unemployment that has plagued five European … mechanisms are outdated economic structures, the power of labor unions, rising nonwage labor costs, and the disparity between …

unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting …The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct …

-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment …This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain …

-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment …This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain …

-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …This paper examines the movements in EU unemployment from two perspectives: a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …

-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment …This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …

-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment …This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …