machines will. Such results change drastically when we consider a model with unemployment and finance dictates real outcomes … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit … their impact on production, trade and unemployment. The paper has policy implications for role of financial development …

-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results. …

income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect … both with unemployment and imperfect credit market , a result in stark contrast with the conventional model with …

independent of the standard income effect. The paper shows that measured unemployment always may have a voluntary component. In … unemployment will always have a voluntary component. Accumulated wealth in a family tends to increase the opportunity cost of job … search, more so in a world where job status is socially important. Thus prosperity and unemployment may go hand in hand …

also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general …In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … equilibrium model of a small open developing economy incorporating skill formation, unemployment of unskilled labour in the formal …