This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

fired. Therefore a country with a high or an increasing unemployment rate has a low (reported) workplace accident rate. The … inversely related to both the level of unemployment and the change in unemployment. Furthermore, fatal accident rated do not …

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased … market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation … intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces …

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. …