We evaluate the effects of international outsourcing and labor taxation on wage formation and equilibrium unemployment …

positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …

We explore whether finance influences the impact of labour market institutions onunemployment. Using a data set of 18 …

regulations leadto a simultaneous reduction in informality and unemployment. The difference between thesetwo policy options lies …

unemployment insurance, when thelatter is only imperfectly related to search effort. A balanced social insurance budget …

use a New Keynesian model with unemployment to predict the effects ofdifferent labor market institutions on macroeconomic …This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone … labor market institutions have a large effect on output volatility, they donot seem to have much of an effect on inflation …

Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited … variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment …