Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates …, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in … housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that …

We analyse the determinants of unemployment persistence in four OECD countries byestimating a structural Bayesian VAR … with an informative prior based on an insiders/outsiders model. We explicitly insert unemployment ben- efits and labour …: demand shocks play a dominant role in explaining unemployment also in the medium-run. Moreover real wages have low …

This paper analyzes the impact of corporate taxes on structural unemployment, using an applied general equilibrium … model for the European Union. We find that the unemployment and welfare effects of corporate taxes differ considerably among …, and the strength of international spillover effects through foreign direct investment. The effect on unemployment is …

in their labor-market outcomes. This even occurs in the absence of a taste for discrimination against blacks or exogenous … equilibrium, blacks end up with both higher unemployment rates and lower wages than whites. Furthermore, it takes more time for …

becoming junior medical specialist. To deal with selectivity, we simultaneously model the transitions from unemployment to … trainee, from unemployment to medical assistant, from medical asistant to trainee and from medical assistant to unemployment …