In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …

In order to alleviate unemployment it is often recommended to reduce social security contributions (SSC) and to … compensate for the ensuing loss in revenues by a rise in the value-added tax (VAT). Assuming unemployment to be caused by … neutralised, for example, by imposing a constant wedge, the employment impact will depend on the nature of the unemployment …

This paper uses efficiency wage theory and the existence of community-based sharing to hypothesize that labor markets … in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income …

proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …

Diamond (1994) that an individual?s probability of leaving unemployment decreases with unemployment duration and increases …

This study examines individuals? unemployment experiences from the age of 18 up to the age of 35 using a large panel of … administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus … is on the extent to which individuals? unemployment experiences are affected by regional and skill differences, i …

the city, the land rent, the efficiency wage, the recruitment area and the unemployment level in the economy. This model …

in recessions by examining the movement of relative unemployment rates over the business cycle. Any conclusion drawn from … of unemployment are not examined. Using Current Population Survey data matched across adjacent months from 1989 to 2004 … the racial unemployment gap near the peak of the business cycle is driven by a reduction in the rate of job loss for …