wages. A one-point increase in the unemployment rate decreases wages ofnewly hired male workers by around 2.8% and by just 1 …

of unemployment compensation to the net-of-tax wage iskept fixed a tax cut leads to higher unemployment. When the … unemployment benefitsreplacement ratio is allowed to change, whether by keeping benefits fixed in real termsor by imposing a budget … constraint on the unemployment insurance scheme, the effect ofa tax cut on unemployment is ambiguous. Adverse employment effects …

in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …