This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows …. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine … the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The simulations …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

simulated to evaluate the impact of various types of shocks. The model reproduces quite well the unemployment rate changes and …

relationship. The model reproduces quite well the producivity slowdown puzzle, the unemployment rate evolutions and the relative …

types of workers and with search unemployment. The model is calibrated and simulated to examine the interactions between the … observed unemployment changes. …

facts observed in many EU countries since the mid-seventies: (i) the increase in the overall unemployment rate; (ii) the … difference between high-skilled and low-skilled unemployment; (iii) the stability of relative wages. This paper focuses on these … well the unemployment rate changes and the relative wage stability observed over the past two decades …

of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor market … force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human capital …

income is stronger, and that its level should be higher. the higher the level of unemployment or job scarcity. Point of … equivalent. The equivalence is that the price of Labour Rights and the unemployment benefit corresponds to the income tax rate …. This analysis provides an argument against cutting unemployment and social assistance benefits during economic downturns …

to measure nonstandard, boundary forms and alternative definitions of employment and unemployment. Our calculations show … alternative unemployment rates that are sharply higher in Romania and moderately higher in Estonia and Russia. …