dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour …

spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …

In this paper we look at the effects of immigration and trade with Eastern Europe on unemployment in Austria. Using … possible detrimental impacts in unemployment entry effects and unemployment duration effects. We find that unemployment entry … immigration effect on unemployment duration. Within almost all subgroups there is a significant increase in the length of …

unemployment, and relatively greater income equality, with the opposite path being pursued by the United States. While structural … shocks may initially create a positive trade-off between productivity and unemployment, they set in motion a dynamic path of … contributions of this paper are to show how a productivity-unemployment trade-off might emerge and how it might subsequently …

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … characteristics of the households in the survey and unemployment rates in the industries in which the households usually work. The … influence of tax-benefit reforms on unemployment using an equation that attaches a moderately strong prior belief to the theory. …

previous level. Especially for unemployment we find large effects of an increased foreign share. We conjecture that these … results might be spurious. Foreigners tend to be concentrated in lower unemployment areas but unemployment tends to be mean … unemployment. Taking account of the mean reversion in unemployment we find no detrimental effect of immigration. Similar results …

elasticities for those who experienced unemployment during the previous year and those on higher incomes; for average employed men …

. Furthermore, they fail to allow for quantity rationing and to model unemployment as a catastrophic event. The macroeconomics based …

The aim of this paper is to better understand the impact of unemployment on the design of Pay-As-You-Go pension systems … unemployment rate and the length of life. We then characterize the issue-by-issue voting equilibrium and compare it to the optimal …