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 …

entire life courses. In recent years, labour market uncertainty and comparatively high unemployment rates have been major … benefit more strongly than women from these factors. A stricter employment protection legislation results in a slower …

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 …

feature of the Finnish economy compared with that of Sweden and Denmark is the higher level of unemployment. In the early 1990 …s, the Finnish economy suffered an exceptionally sharp demand shock that cut almost one fifth of its jobs in just three … adapt. The spectacular recovery of the Finnish economy has pushed up labour demand. While unemployment has fallen back from …