unemployment benefits; we find that the MW is preferred by the majority of workers (even when the unemployed receive very generous … unemployment benefits). In the second model, the government engages in redistribution through the public provision of private goods … given generosity of the unemployment benefit scheme, the maximum, politically viable, MW is lower than in the absence of in …

machines will. Such results change drastically when we consider a model with unemployment and finance dictates real outcomes … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit … their impact on production, trade and unemployment. The paper has policy implications for role of financial development …

-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results. …

income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect … both with unemployment and imperfect credit market , a result in stark contrast with the conventional model with …

independent of the standard income effect. The paper shows that measured unemployment always may have a voluntary component. In … unemployment will always have a voluntary component. Accumulated wealth in a family tends to increase the opportunity cost of job … search, more so in a world where job status is socially important. Thus prosperity and unemployment may go hand in hand …