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...