Inflation has become much less sensitive to movements in unemployment in recent decades. A common explanation for this … unemployment gap which underlie the OECD’s Economic Outlook projections. The former OECD specification can be characterised as a … backward-looking specification, the anchored expectations approach also tends to imply larger unemployment gaps for those …

contribution of each age group to total unemployment-rate differentials is also computed. An estimate of the sensitivity of age …-specific unemployment rates to the economic cycle is provided for OECD countries. France is one of the OECD countries having the highest …’s total unemployment rate differential with best-performing countries. Youth unemployment rate is especially sensitive to …

well-being. Importantly, we find that the risk of unemployment has a detrimental effect on the well-being of employed …. Policymakers should therefore focus not only on reducing the level of unemployment, but also on speeding up unemployment turnover … at a given level of unemployment. Unemployment insurance also mitigates the adverse effect of unemployment risk, and …