The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly … area which is particularly relevant for Australia. This paper attempts to fill this void by estimating a multi … causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main …

Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

unemployment insurance (UI). This policy reform improved job information and sharpened bureaucratic incentives to find jobs for the … unemployment outflows. This is consistent with a model where information helps both groups, but bureaucrats were given incentives …