turnover experience large variations in unemployment and little wage variation. Although this latter case appears to exhibit …This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a … newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search …

Theoretical predictions of the impact of TFP growth on unemployment are ambiguous, and depend on the extent to which … creative destruction effects by estimating the impact of TFP growth on unemployment in a panel of industrial countries. We find …-state dynamics of unemployment. Capitalization effects explain some of the estimated impact but a part remains unexplained. …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

nominal wage. If voters recognize general equilibrium feedbacks, workers across sectors form a majority and will favour market … vote for wage rises in each period since they also reckon with higher real wages for themselves. The political process … leads to constantly rising unemployment and tax rates. The resulting crisis may trigger new insights into economic …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … of alternative wage determination mechanisms are explored, including the frequently studied non-cooperative wage … bargaining and wage posting by firms. We use the framework to study the influence of alternative labor market institutions and …

This paper starts from the observation that despite their very high levels of unemployment, major European countries … have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I …

This paper reports results form a microeconomic analysis of unemployment durations. The results indicate a significant …