We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …

Does a country?s level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …

Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited … variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment …

In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

During the nineties, unemployment has fallen in a number of European countries while it has remained high in others … the unemployment problem. Some speculative thoughts are offered as to why those factors might be more stringent in … countries where unemployment remained high. …

This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …