unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of … unemployment. It will be concluded that Japan is hardly an outlier when using a simple model of the relationship between … unemployment and the rate of business ownership. The model is calibrated using recent data of 23 OECD countries. It shows a minor …

by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …

The negative relationship between the unemployment rate and the job openings rate, known as the Beveridge curve, has … openings, the U.S. unemployment rate has not declined in line with the Beveridge curve. We decompose the recent deviation from …