The paper deals with causes and consequences of constraints on the adjustment of employment. First, a model of a delayed adjustment of employment and capital is worked out. This model is augmented with linear constraints on the adjustment speed of labour supply and demand. The aggregate model is...

This paper is devoted t.o an interpretation of both vacancy data and the Beveridgecurve. Officially reported vacancy data are critically reviewed. The theoretical foundation and empirical application of the Beveridge-curve is examined. We find that the Beveridge-curve is everything but a...

The generosity of unemployment insurance systems is constantly scrutinized by economists. Higher generosity of unemployment insurance (UI) - usually defined by referring to the replacement rate of the former wage - is commonly known to be associated with higher (equilibrium) unemployment....

With interest groups significantly affecting economic performance (according to Mancur Olson) and a vital interest of governments in economic growth and low unemployment in order to win elections, there should be a link between political business cycles and the evolution of lobbies over time...

This article focuses on the role of unionized members of the parliament. Referring to the famous study by Freeman and Medoff (1984) and considering the more recent literature we first review unions' political power at the example of the US. We conclude that trade unions have not been very...

Dieser Artikel beleuchtet aus einer wirtschaftsethischen Perspektive, wie Globalisierung im öffentlichen Diskurs wahrgenommen wird und wie sie stattdessen wahrgenommen werden müsste, um die mit Globalisierung verbundenen Chancen und Risiken richtig einschätzen zu können. Die Hauptaussagen...

In Deutschland wurde die öffentliche Diskussion um die Einführung eines flächendeckenden gesetzlichen Mindestlohns vor allem normativ geführt: als Gerechtigkeitsdebatte. Dabei gerieten wichtige Aspekte aus dem Blick. So kam es zu einem gravierenden Diskursversagen: Trotz sachverständiger...

Schon wenige Monate nach dem Fall der Berliner Mauer versprach der damaligeBundeskanzler Kohl den ostdeutschen Bürgern „blühende Landschaften“ binnen wenigerJahre. Hingegen muss 12 Jahre nach der Wiedervereinigung eine mehr als ernüchterndeZwischenbilanz des bisherigen ökonomischen...

We use individual data for Great Britain over the period 1992-2009 to compare the probabilitythat employed and unemployed job seekers find a job and the quality of the job they find. Thejob finding rate of unemployed job seekers is 50 percent higher than that of employed jobseekers, and this...

Unemployment may depend on equilibrium in other markets than the labor markets. Thispaper adresses this old idea by introducing search frictions on several markets: in a model ofcredit and labor market imperfections as in Wasmer and Weil (2004), I further introducesearch on the goods market. The...