effect of product market competition on unemployment rates, being substantial under collective bargaining and considerably … to a substantial increase in equilibrium unemployment rates from 5.5% to 8.9 % in the model economy. …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

scrutiny. This paper considers the dynamic relationship between product market entry regulation and equilibrium unemployment … to entry. We identify two main channels by which product market competition affects unemployment: the output expansion … effect, by which a reduction in monopoly power is beneficial for unemployment, and a countervailing effect due to a hiring …

According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in … to high unemployment benefits. In this paper we reassess the turbulence-unemployment relationship using a matching model … Ljungqvist and Sargent (1998, 2004) are reversed, and higher turbulence leads to a reduction in unemployment. Thus, changes in …

We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main … bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing … perform a policy experiment to assess whether the decrease in trend unemployment during the 1980’s and 1990’s could be …