Governments, especially in developing countries, routinely provide large-scale public employment programs. This paper studies such programs and their impact on unemployment rates, capital accumulation, and the process of development. An overlapping generations model with production is studied...

This paper studies the effects of unemployment policies in a simple static general equilibrium model with adverse selection in the labour market. Firms offer a contract that induces the self-selection of workers. In equilibrium, all unskilled workers are screened out and some skilled workers are...

This paper studies the effects of unemployment policies in a simple static general equilibrium model with adverse selection in the labor market. Firms offer a contract that induces the self-selection of workers. In equilibrium, all unskilled workers are screened out and some skilled workers are...

This paper studies the impact of the robotics revolution on the labor market outcomes through the lens of capital-augmenting technological progress (CATP). A search-matching model with task-based aggregate production is developed to explore the condition under which CATP harms the labor market....