spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …

In this paper we look at the effects of immigration and trade with Eastern Europe on unemployment in Austria. Using … possible detrimental impacts in unemployment entry effects and unemployment duration effects. We find that unemployment entry … immigration effect on unemployment duration. Within almost all subgroups there is a significant increase in the length of …

dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour …

unemployment, and relatively greater income equality, with the opposite path being pursued by the United States. While structural … shocks may initially create a positive trade-off between productivity and unemployment, they set in motion a dynamic path of … contributions of this paper are to show how a productivity-unemployment trade-off might emerge and how it might subsequently …

We analyze the effects of neutral and investment-specific technology shocks on hours worked and unemployment. We … characterize the response of unemployment in terms of job separation and job finding rates. We find that job separation rates … mainly account for the impact response of unemployment while job finding rates for movements along its adjustment path …