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Afonso, António Blanco-Arana, María del Carmen 2024-02-09T13:08:20Z 2024-02-09T13:08:20Z 2023-11-11 Afonso, A., Blanco-Arana, M.C. Unemployment and Financial Development: Evidence for OECD Countries. Comp Econ Stud (2023). https://hdl.handle.net/10630/30313 10.1057/s41294-023-00227-5 It has been argued that credit market frictions may contribute to high unemployment. Hence, we assess the relationship between financial development and the labor market in OECD countries during the period 1990–2020. Using a random effects model for a panel dataset, we conclude that an increase in market capitalization and in the volume of shares traded can significantly reduce the unemployment rate. Likewise, inflation and per capita GDP growth are found to have significantly affected the evolution of the unemployment rate during the period under study. eng open access Desempleo Desarrollo económico y social Unemployment and Financial Development: Evidence for OECD Countries” Comparative Economic Studies journal article