model will prevail. If hit by an adverse technology shock, the economy will then react with a stronger downward adjustment …

with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short …

the 1990-2004 period affect unemployment as well as the employment and average wages of workers in different sectors of … wage may increase unemployment. There are no discernable effects of minimum wages on the wages of workers in small-firms or …

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …

because minimum wage increases unemployment, hence the marginal cost of redistribution is higher which gives a pretext for …

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination …