effects, low real wages and low unemployment are the result. With an intermediate view, i.e. when partial equilibrium effects … within a sector are taken into account, high real wages and unemployment result. If all general equilibrium effects are … simultaneously considered, we once again obtain a situation of low wages and unemployment. The assumption that unions and employers …

at combating unemployment and raising labour supply. MIMIC combines modern labour-market theories, a firm empirical … skilled is the most effective way to cut economy-wide unemployment but damages the quality and quantity of labour supply. Cuts … unemployment most substantially. Tax cuts in the higher tax brackets boost the quantity and quality of formal labour supply but are …

The unemployment dynamics in the Mezzogiorno of Italy seem to corroborate the New Economic Geography predictions …, whereby, under some specific hypotheses, a stronger economic integration can amplify the regional polarisation of unemployment … carries out a comparative analysis of unemployment rates of the different ‘Mezzogiornos of Europe’. Finally, some policy …

and talents in the transformation process. To a large extent, the emergence of unemployment is an indicator of this … restructuring and reallocation. This paper surveys some of the issues involved in the rise of CEE unemployment as well as the policy …

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …

responsiveness of the unemployment rate to changes in macroeconomic variables. Most importantly, private information increases the … responsiveness of the unemployment rate to changes in the general (type- and effort independent) productivity level. If the changes … also affect the information structure, the responsiveness of the unemployment rate may be large, even if the changes in …

This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the … unemployment responses to each shock. Our analysis permits us to distinguish between the short- and long-run effects of the shocks …

those that affect the long-run unemployment rate. …