In traditional Keynesian and neoclassical models, the transmission of product demand changes to the labour market … product demand can affect employment under these conditions. The analysis suggests that the longer-term effectiveness of …

implications for the labour market. The analysis focuses on the switch from occupational specialization at 'Tayloristic … combinations of skills and thereby 'resegment' the labour market, raising the wages and job opportunities of some workers relative …

The paper analyzes a variety of government policies that can stimulate employment when unemployment is generated … may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …

negotiations. Wage and employment decisions are assumed to be made before business conditions are known; thus these decisions … effectiveness of various government policies on production, employment, and pricing. Hysteresis is shown to be a special case in a …

The paper analyzes how the influence of labour unions over wage contracts may make an economy less "resilient". Loss of … resilience is depicted in two conceptually independent ways: (i) the tendency of exogenous variations in unemployment to become … perpetuated and (ii) the possibility that such swings may give rise to a wage-unemployment ratchet. In this manner, the analysis …

long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model …The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment … rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in …

We present a theory of involuntary unemployment which explains why the unemployed workers ("outsiders") are unable or … unwilling to find jobs even though they are prepared to work for less than the prevailing wages of incumbent workers ("insiders …-setting and, as a result, involuntary unemployment may arise. …

The paper suggests alternatives to the Harris-Todaro theory to explain unemployment in segmented labour markets. We … formation. Unemployment and labour-market segmentation are explained with reference to heterogeneous preferences, productivities … focus on a labour market with a perfectly competitive secondary sector and an imperfectly competitive primary sector, the …

This paper compares two theories of involuntary unemployment: the efficiency-wage theory and the insider … unemployment is to explain why there is no underbidding, and we compare the two theories in this contex. …