The natural rate of unemployment can be measured as the time-varying steady state of a structural vector autoregression. For post-War US data, the natural rate implied by this approach is more volatile than most previous estimates, with its movements accounting for the bulk of the variation in the unemployment rate, as well as substantial portions of the variation in aggregate output and inflat...

In this paper, in order to study the impact of o¤shoring on sectoral and economywide rates of unemployment, we construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by search frictions. We …nd that, contrary to general perception, wage increases and sectoral unemployment decreases due to o¤shoring. This result can be underst...

In this paper, we introduce two sources of unemployment in a two-factor general equilibrium model: search frictions and fairness considerations. We …nd that a binding fairwage constraint increases the unskilled unemployment rate and can at the same time lead to a higher unemployment rate for skilled workers, as compared to an equilibrium where fairness considerations are absent or non-binding. ...

this paper studies the factors influencing divorce rate across the provinces of iran with an emphasis on economic factors, particularly unemployment and inflation. in the literature review, economic as well as psychology literature has been dealt with. to measure the impact of economic factors on divorce rate, unemployment and inflation variables have been examined. the rates of urbanization an...

This paper investigates the current important issue in Taiwan that the impact of foreign workers on the rising unemployment rate by constructing a dynamic intertemporal general equilibrium model. The results show that foreign workers rob jobs from the local unskilled labor and raise the unemployment rates during the past decade. However, extending the time frame to a longer term, an increasing ...

An exhaustive empirical and theoretical study conducted by Blanchflower and Oswald (1994) found a new empirical regularity of the negative relationship between wages and regional unemployment, that is, the ‘wage curve.’ The curve is roughly described by – 0.1 of the elasticity of wages with respect to the local unemployment rate with human capital characteristics of individual workers controlle...

This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to reproduce the main cyclical propert...

Unemployment remains a major cause for both developed and developing nations, due to which they lose their financial economic impact as whole. rate prediction achieved researcher attention from fast few years. The intention of doing our research is examine the coronavirus on unemployment rate. Accurately predicting stimulating job policymakers, plays an imperative role in country's development ...

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 diff erent phases of the business cycle. Using individual level data from the Current Population Survey (CPS), we decompose diff erences in employment status transition rates between economic upswings and downturns into c...

The research investigates the causes of unemployment in Namibia, Nigeria and South Africa and the role of Capital Accumulation in reducing the unemployment profile of these economies as proposed by the post-Keynesian economics. This is conducted through extensive review of literature on the NAIRU models and focused on the post-Keynesian view of unemployment within the NAIRU framework. The NAIRU...