We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …

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 …

models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial … markets with bank-based financial markets as in Germany and Japan being possibly inferior to stockmarket based financial …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which … the unemployment rate decreased a lot. A common feature of the successful countries is that they implemented a …

inequality or the Charybdis of unemployment. Furthermore, it looks like the continental European economies - foremost Germany and … France - sided with more egalitarian ends accepting higher unemployment whilst the liberal economies such as the United … States and the United Kingdom choose higher inequality for lower unemployment. In this paper it is argued, that the trade …

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …