among firms affects simultaneously growth and unemployment. On the one hand, an increase of the elasticity of substitution …

consequence of this distortion is the coming about of wait unemployment, i.e., unemployed queuing for high-paid jobs. Employment …

-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment.The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data.A standard search and … firms' incentives to post new jobs.Labor market tightness as measured by the vacancy-unemployment ratio is as volatile as in …

inflation and labor market dynamics.In particular, it fails to generate a Beveridge curve: vacancies and unemployment are …

greater the productivity gap from the leader country, but differences in unemployment benefit systems can lead to relative … social welfare benefits generate high unemployment and reduce the amount of labour employed for R&D purposes. Furthermore, it …

-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for involuntary unemployment, job search …

Relative to the United States, most European countries have high rates of unemployment and low levels of productivity … between unemployment and growth. The steady state relative productivity level and the corresponding rates of unemployment … country raises the worldwide rate of unemployment, whereas downsizing of firms in the follower country enlarges the …