The paper seeks to 'explain' certain stylised facts in relation to flows into and out of Unemployment and especiaIly to identify the 'proximate' determinants of the amplitude and the frequency of fluctuations in the Unemployment Rate over the course of the business cycle. Since the evolution of...

This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First,...

This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First,...