in developing countries have multiple equilibria—the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

in developing countries have multiple equilibria – the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

unemployment that followed this slowdown was more pronounced in European economies relative to the USA. In this paper we present an …' effort incentives. Predictions of the model are consistent with the different trends in unemployment across countries over … unemployment depends upon labour market institutions in such a way that we can reconcile the mixed empirical results observed in …

stones out of unemployment and are to be preferred to staying unemployed and waiting for a better job. …

We investigate transitions between unemployment, low-paid employment and higher-paid employment using household panel … unemployment and low-paid employment on future employment prospects. We find that there is state dependence in both unemployment … less severe penalties from unemployment or low-paid employment, and, for women, the cycle between low pay and no pay varies …

that for women low-wage jobs can serve as stepping stones out of unemployment and are to be preferred to staying unemployed …