The paper develops a unified general equilibrium model including savings with overlapping generations, investment and … search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime … transmission channel. The effects of integration on unemployment, however, depend importantly on the nature of wage taxation and …

In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the … accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the …