We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …

unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

-run welfare effects of tax reforms assuming agent heterogeneity in capital holdings. Each of these market failures, independently …, results in welfare losses for at least a segment of the population, after a capital tax cut and a concurrent labour tax … increase. However, when combined in a realistic calibration to the UK economy, they imply that a capital tax cut will be Pareto …

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 …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …

levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … capital endowments, production technologies and rigid wages. Governments tax capital at the source to maximize national … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …

information on parents’ schooling and employment status. Unemployment might have negative psychological effects, with impact on … unemployment was in fact the major driving force. …

Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding …