Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …

, which suggests that, when labor supply is sensitive to wages, there is a trade-off between unemployment on one hand, and … wage inequality and inactivity on the other …

, employment, unemployment, and inactivity in France, the UK, and the US between 1990 and 2002. The results provide clear evidence …-off between unemployment on one hand, and wage inequality and inactivity on the other. …The trade-off hypothesis suggests that high wage inequality in the US and the UK and high unemployment in countries of …

, the transition to record low unemployment, a sharp acceleration in worker turnover, and the emergence of an extensive … working hours, rather than through contraction of employment and surge in unemployment. The general conclusion is that the …

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as … fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the … unemployment not only in the short run, but in the long run as well. The reason is that, in the presence of growing exogenous …

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market … decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are … examined: (i) `unemployment persistence', arising when temporary shocks have persistent effects on unemployment; and (ii …

Whereas the standard modern theories of unemployment were developed in the context of a single sector labour market … economies are discussed. It is shown that dual labour market theory is an important contribution to understanding unemployment …

stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …

increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …