, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … magnify, and not dampen, this tendency. Further, higher outsourcing will increase equilibrium unemployment among the high … unemployment under the reasonable condition that the proportion of high-skilled workers is sufficiently low …

We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor … observable, but not verifiable to a situation where explicit contracts are feasible. Our main result shows that unemployment is … much higher when third-party contract enforcement is absent. Unemployment is involuntary, being caused by firms' employment …

This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … unemployed. Their decisions over job-search are thus typically not optimal and hence the equilibrium unemployment rates are … changes in the workforce distribution have non-negligible effects on unemployment rates, wages and net output …

, profit sharing, and equilibrium unemployment when profit sharing is also a part of a compensation scheme in all industries … sharing. For equilibrium unemployment, we find that if there is also profit sharing in other industries, the effects of … outsourcing and profit sharing on the unemployment rate is ambiguous both in the committed and flexible case …

This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …

unemployment. Finally, we characterize the optimal production mode and show that stronger labour market imperfections lead to a …

Search-matching theory has come to dominate labor economics in recent years, but few attempts have been made to compare … the empirical relevance of search-matching theory to efficiency wage and bargaining theories, where employment is …-matching theory and a standard labor demand model. Estimation on firm-level data yields support for the labor demand model. Wages and …