reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a … chosen to maximise profit. Including taxation to fund unemployment benefits and public goods, we show that switching from …-satisfaction; bargaining ; unemployment …

What are the effects of firm- and sector-level trade unions on unemployment and aggregate output if individuals have … demand then, ceteris paribus, increases and unemployment falls. This new mechanism interacts with the negative employment … indicates that the unemployment damping effect of rent-sharing motives mitigates but does not compensate for the unemployment …

and efficient bargaining - to the existence of a budget constraint pending on the financing of the unemployment benefit …, implications of union having control over membership, and, hence, of unemployment insurance coverage, are also considered, as well … as of different fiscal scenarios on the form of financing the unemployment benefit bill. …

find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler …

Empirically, unemployment is highly volatile while inflation displays inertia, even though marginal cost is pro … unemployment in the Great Recession. Moreover, inflation inertia is made consistent with pro-cyclical marginal cost since the …

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler …

‐sector economy and show that if agents only consider labor demand effects low real wages and low unemployment are the consequences … and unemployment result. If all general equilibrium effects are perceived simultaneously, we once again obtain a situation … with low wages and unemployment. The results may explain why unemployment is high in some European countries …