This paper shows that, Rueff (1925, 1931) distinguished [a] a « permanent » unemployment due to excessive real wages … relative to the labor productivity, [b] a “temporary” unemployment due to a decline in the economic activity resulting from a … cyclic decrease of the price level, and [c] a « minimum » frictional unemployment prevailing in the normal functioning of the …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

' incentives to create jobs, increases unemployment, and lowers GDP. To quantify the effects of this novel channel, we extend the … counterfactual exercises. We find that the adverse effects of our mechanism on the economy's TFP, GDP, and unemployment are sizable. …

This paper develops a model of unemployment fluctuations. The model keeps the architecture of the Barro and Grossman … (1971) general disequilibrium model but replaces the disequilibrium framework on the labor and product markets by a matching … flexible to completely rigid. With some price rigidity, aggregate demand influences unemployment through a simple mechanism …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … unemployment duration spells, relatively large wage penalties when changing jobs and higher likelihood of leaving activity for … and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market …

sector in a model of equilibrium unemployment. We find that higher firing costs may even reduce temporary work agency …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

This Paper studies the border between shadow employment and unemployment. It argues that the two macroeconomic … proposes and solves a matching model of the labour market, where shadow employment emerges in equilibrium as the endogenous … the labour market trade-off implied by ‘shadow reducing policies’, it suggests that economies with low unemployment …