Unemployment may depend on equilibrium in other markets than the labor markets. Thispaper adresses this old idea by … financial frictions on equilibrium unemployment isamplified by goods market frictions and vice versa.... …

conditions are a majordeterminant of entrepreneurship. Higher local unemployment rates are found to increase theprobability that … areinitially not employed respond more to high local unemployment rates by starting businessesthan wage/salary workers. The results … higher levels of businesscreation. Using the regression estimates for the local unemployment rate effects, I find thatthe …

26 NUTS-2 regions over the period 2005-2008.When the local unemployment rate is treated as predetermined, there is … instrument for current unemployment rate, we find anunemployment elasticity of -0.099. We also find a higher elasticity for … finding is that the wages of females in Turkey are significantlymore responsive to local unemployment rates than their male …

design of optimalunemployment insurance in an economy with unemployment as well as part-timeunemployment. Part …-time unemployment provides income insurance and serves as astepping stone to full-time jobs. Unemployment benefits for part …-timers increase the outflowfrom unemployment to part-time work but reduce the outflow from part-time work to full-timeemployment. We …

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

in-work benefits on search intensity, participation, employment, and unemployment,compared to a framework in which wages …

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 …