Unemployment has become a focal topic of discussion in applied economics. In this paper, we provide an integrated … overview of recent theoretical studies that link unemployment problems to spatial economics. We introduce four mechanisms … commonly used to consider unemployment in this field: unions, search-matching frictions, efficiency wages or fair wages, and …

-Mortensen-Pissarides model, followed by recalibration, does not change aggregate dynamics of unemployment and vacancies. This invariance result …