conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market …

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment … endogenous. The poorer region exhibits both lower wages and higher unemployment rates, and migrants to the richer region are …

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 …

educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …

Within a two-country model with involuntary unemployment, this paper investigates corporate income taxation under … tax policy causes a fiscal externality which goes back to unemployment. This unemployment externality is the lowest when … apportionment improves welfare and reduces unemployment. The welfare increase is the strongest under a pure sales formula. …

equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that … Beaudry and DiNardo (1991). We solve for the dynamics of wages and unemployment, and show that real wages do not necessarily … to match actual unemployment and wage series. We also show that equal treatment follows in our model from the assumption …

the wages for skilled and unskilled workers, leading to involuntary unemployment of unskilled workers in equilibrium … by lower wage differentials as well as higher unemployment. Allowing for endogenous skill formation in both countries …

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 …

In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …