unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and … unemployment results, which may explain the persistence of high unemployment in Europe. If all general equilibrium effects are … incorporated at once, again low real wages and low unemployment results. We thus obtain a hump-shaped relationship between the …

provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore …

on their interactions with the profile of unemployment benefits and with active labor market programs. …

for economies with either an earnings-related or flat-rate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the … consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover …

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. …

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 …

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 …