unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the … our baseline scenario the rule based component stabilizes unemployment fluctuations by 15% and output fluctuations by 7 … significant effect on unemployment. These effects are based on a structural VAR estimation which is identified using the output …

unemployment benefits) in determining firm-provided training. We find that the institutional interactions - specifically, their … striking results, such as: (a) the minimum wage and unemployment benefits generate increasing skills inequality whereas firing … costs generate diminishing skills inequality; (b) unemployment benefits and firing costs are complements in their effects on …

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two … sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment … real wages and unemployment levels in the unskilled labor intensive sector. However, the inequality of workers between …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our … single-sector perspective pays special attention to the role of income effects and shows that bad institutions in one country …