This book focuses on the views of the NAIRU (Non-Accelerating Inflation Rate of Unemployment) concept. It introduces unemployment in economic growth models. It presents empirical studies which analyse and discuss the labour market evolution in several countries and regions such as the European Union and the United States. The unemployment benefits and its effects on unemployment in the United States is also evaluated. An empirical study is presented which analyses the evolution of regional labour market dynamics in Taiwan.

This text discusses the equity versus efficiency approach emphasizing the importance of incentives that would predict a positive relationship between inequality and economic growth.