We examine the relevance of Dutch Disease through the lens of an open-economy multisector model that features unemployment due to labor market frictions. Bayesian estimates for the model quantify the effects of both business cycle shocks and structural changes on the unemployment rate. Applying...

In this paper an alternative view of the relation between the wage level, wage dispersion, training incentives and employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment - especially in Germany - is mainly caused by labor market...

This paper investigates the effect of unemployment on house prices in the UK property market to give an indication of the nature of their relationship. By evaluating housing research, including unemployment variables, this paper gives an overview of the uses of the unemployment variable and show...

As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...

The main objective of this study is to investigate the long run trade-off between unemployment and inflation in Egypt through the period (1974-2011) using Johansen-Juselius (1990) cointegration test and Vector Error Correction Model (VECM). Results of ADF test indicate that both series are...