by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …

unemployment rate - into a short-term and a long-term component. While short-term unemployment might not result in additional … workers on a large scale, long-term unemployment reduces household income more, increasing the need for additional income. On … are available, distinguishing between short-term and long-term unemployment reveals discouragement effects. …

Using German data this study applies an unobserved-components approach to disentangle the unemployment rate into a … trend component of unemployment, which triggers permanent reactions of the workers, is likely connected to a structural … effect. By splitting up the participation effect of changes in the unemployment rate our analysis differs profoundly from …

Individual unemployment spells are frequently interrupted by short casual employment, by participation in active labour … market policy (ALMP) measures or by periods outside the labour force. Such episodes end unemployment spells but afterwards … problem of being without a "real" job in the longer run. To better grasp this problem of repeated unemployment we analyse …