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 …

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 …

unemployment rate in a few Member States has started to fall, overall 23% of young European job-seekers aged 15–24 could not find a …

while measures of relative poverty do not appear to have clearly identifiable drivers, income per capita and unemployment … particular, the share of long-term unemployment on total unemployment stands out as the most significant driver. The analysis …

The Brief investigates the role of policy uncertainty in explaining the persistently high unemployment rate in the euro … area after the Great Recession and the different impact of uncertainty on flows into and out of unemployment. …

On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment … rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …