This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with …, this will result in a lengthy adjustment process with substantial long run unemployment effects. Moreover, the model is …

job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …

-wage model of unemployment based on Shapiro and Stiglitz (1984). An important feature of our model is that a firm can raise the … model we study how a monopolist's decision with regard to employment, output and monitoring is affected by exogenous … variables such as job separation rate, technological advances, market size, and unemployment benefits. Furthermore, by comparing …

job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …