may have increased unemployment, and shows that this is likely to occur if technological change is associated with an …

unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … unskilled are more exposed to unemployment relative to the skilled, as compared with the latter. The two equilibria cannot be …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

This paper starts from the observation that despite their very high levels of unemployment, major European countries … have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I …

institutions and show that the results are consistent with this view. Among other things, we find: that higher exposure of the … employed to unemployment facilitates a reduction in the level of employment protection; that unemployment benefits are lower …, the more employment reacts to wages; and that a higher level of unemployment and a right-wing government slow down the …

negative duration dependence of exit rates from unemployment. Our model has a number of novel testable implications. For …

We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …

During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper … political constraints, the prevalence of ideology, and agency issues within those bureaucracies concerned with the unemployment … problem. Some speculative thoughts are offered as to why those factors might be more stringent in countries where unemployment …