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. …

have increased the risk of unemployment entry, and to a lesser extent also the duration of unemployment. This is different …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 …

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 …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are … set through efficient bargaining between risk averse Unions and risk neutral firms. Assuming that a First Best cannot be …

inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …

risk aversion, we find that consumer behaviour changes strikingly over the life-cycle. Young consumers behave as buffer …

poverty trap, the size of the cohort at risk, and migrant stock dynamics. It then projects the life cycle up to 2024. The …