face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro …

where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the … equilibrium wage distribution with a higher vacancy-to-unemployment ratio first-order stochastically dominates the wage …

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …

We analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model … Northern trade liberalization reduces the rate of innovation, increases Northern unemployment, and reduces both Northern and …

interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We … as well as decreased banking concentration reduce unemployment if the level of labour market regulation, union density …

performance indicators (unemployment, long-term unemployment, employment, activity rate). Our results confirm that high taxes … increase unemployment, while active labour market policies tend to reduce it. We also show that stricter employment protection …

to reduce the currently high unemployment among the low-skilled dramatically. Among the high-skilled, scarcities will …