This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …

application of the minimum distance estimation. The estimated model can explain the cyclical behavior of employment, hours per … general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price … worker, job creation and job destruction conditional on a shock to monetary policy. Moreover, allowing for variation of the …

decomposition of endogenous variables in trends and cycles, for shock decomposition, for incorporating external judgement, and for …

capable to generate business ßuctuations, driven by self-fulÞlling belief, characterised by unemployment persistence. A … estimates and the implied dynamics of employment is richer then that of standard RBC models with search. …

We live in a service economy, but the extent of development of service employment differs across developed countries … in the recent expansion of service employment in OECD countries. It finds that GDP per capita, the size of the government … sector and the extent of urbanization are positively associated with the service employment share. However, the evidence …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …

institutions in the dynamics of job creation and destruction is examined. As expected, employment protection is found to reduce job … flows. Similarly, countries with higher unemployment benefits and more coordinated wage bargaining systems are characterised …