By most estimates, the U.S. unemployment rate is currently below its “natural rate.” The implication is the economy is operating at an unsustainably high level of resource utilization. Capacity levels are being strained, tending to put upward pressure on wages and prices. In anticipation of these rising inflationary pressures, the Federal Reserve has firmed monetary policy several times over th...

BACKGROUND During the last few years, many countries in Europe suffered from a severe economic crisis which resulted in high unemployment rates. In this frame, the possible relationship between unemployment rate and suicidal rates at the level of the general population has been debated recently. MATERIAL AND METHODS The official data concerning completed suicides and unemployment rates from t...

Decomposing the Ins and Outs of Cyclical Unemployment This paper analyzes the contribution of the socioeconomic and demographic composition of the pool of employed and unemployed individuals to the dynamics of the labor market in different phases of the business cycle. Using individual level data from the Current Population Survey (CPS), we decompose differences in employment status transition ...

Product Market Regulation, Firm Selection and Unemployment This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous multiple-worker firms. In our setup, PMR modifies the distribution of firm productivities, thereby affecting the equilibrium rate of unemployment. We distinguish between PMR related to entry costs and PMR that generates...

Poverty is one of fundamental problems which become major concern of Indonesia Government. World Poverty Commission said that unemployment is one of the main causes of poverty. A lot of literatures state that there is a strong correlation between unemployment and poverty, but to prove it empirically, was not easy. To see the relationship pattern between poverty and unemployment in Indonesia, it...

BACKGROUND Previous research has shown that unemployment experiences increase the risk of poor mental health and that this effect differs depending on individual characteristics. Relatively little is known, however, about how the unemployment rate and labour market conditions impact the relationship. This study investigates how municipal unemployment rates and vacancy rates affect mental health...

The purpose of this paper is to examine the persistence of regional unemployment and to explore the sources of this persistence. Evidence from China suggests three empirical findings. First, provincial relative unemployment is more persistent than aggregate unemployment. Second, youth unemployment is less persistent than total unemployment. Third, although the western region has the highest pro...

There are many descriptions of how unemployment in Europe and other OECD countries evolved over time (see for example Blanchard (2005) for an overview). In this respect, Europe has been a puzzling case with high and persistent unemployment rates. In short: Unemployment in Europe was low in the 1960s and it increased in the 1970s and 80s. Since then, unemployment has become highly heterogeneous ...

Using Markov Switching Autoregressive models the behaviour of four crime variables and unemployment rate during the period of study is investigated and different regimes for each variable determined. Using some nonparametric measures such as the Concordance Index (Harding and Pagan, 2002) and Independence of Chronologies (Bodman and Crosby, 2005), among others, the independency of cycles of une...