This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

the composition of jobs, increasing the demand for skills, wage inequality, and unemployment. I provide some evidence that …

number of good jobs. Minimum wages and unemployment insurance encourage workers to wait for higher wages, and therefore … often increase unemployment, will increase average labour productivity and may improve welfare. The paper then briefly … composition of jobs improves considerably in response to higher minimum wages and more generous unemployment benefits. …

unemployment forecast was estimated. For unemployed without such a forecast, the effect is much smaller. The paper also shows that …

-aversion reduces wages, unemployment, and investment. Unemployment insurance (UI) has the reverse effect due to market generated moral … hazard: insured workers seek high wage jobs with high unemployment risk. An economy with risk-neutral workers achieves …

This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in … market imperfections, so unemployment rises and remains high for an extended period. The data show that there has not been … cause of the increase in European unemployment, they may have played some role in limiting European employment growth. …