institutions will have to start technical and professional education programs. Several new educational institutions will have to be …

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 …

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

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … bargaining and wage posting by firms. We use the framework to study the influence of alternative labor market institutions and … policies on wages and unemployment. …

This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a … newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search … unique rational expectations equilibrium is shown to exist. The unemployment-vacancy dynamics are consistent with so …

the natural rate of unemployment and other key outcomes, such as unemployment duration, wages, and the asset value of the …

In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model … unemployment insurance levels in a politico-economic equilibrium. The interaction between the political decision about the level of … the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism …