In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually … wage-setting curve with outcomes under other unemployment compensation schemes. In particular, we show that the widely used …

In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually … wage-setting curve with outcomes under other unemployment compensation schemes. In particular, we show that the widely used …

In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually … wage-setting curve with outcomes under other unemployment compensation schemes. In particular, we show that the widely used …

In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually … wage-setting curve with outcomes under other unemployment compensation schemes. From this comparison it becomes evident how …

We propose a monetary model in which the unemployed satisfy the official U.S. definition of unemployment: people …, unemployment is involuntary). We integrate our model of involuntary unemployment into the simple new Keynesian framework with no … capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …

may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the …

monetary model in which: i) the unemployed are worse o§ than the employed, i.e. unemployment is involuntary and ii) the labor … technology shocks. In addition, the model does well at accounting for the response of the labor force and unemployment rate to …