We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … taxes when financed either raising capital taxation or reducing unemployment subsidies. We find two main results: (i) with … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …

unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent “market …The paper questions the predominant view on unemployment and wages in the European Un-ion according to which high … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …

model in Daveri and Maffezzoli (2000), where unemployment is generated by monopolistic unions, and calibrate it to reproduce …

operative outline concentrates on the role of instrumental freedoms and institutions, and it is based on the traditional themes … instrumental freedoms. We eventually map each set of variables in order to point out how instrumental freedoms and institutions …

decision makers. These responses, in turn influenced by institutions and instrumental freedoms, ultimately affect the dynamics …