We evaluate the effects of international outsourcing and labor taxation on wage formation and equilibrium unemployment … reduce equilibrium unemployment of low-skilled workers both in the presence and absence of labor taxation. In the presence of … outsourcing, wage tax, tax exemption and payroll tax have an ambiguous effect on equilibrium unemployment. Increasing the degree …

rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …

producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the … developed venture capital markets should help to alleviate such financial constraints. This view that labor-market institutions …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …