may have increased unemployment, and shows that this is likely to occur if technological change is associated with an …

We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …

During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper … political constraints, the prevalence of ideology, and agency issues within those bureaucracies concerned with the unemployment … problem. Some speculative thoughts are offered as to why those factors might be more stringent in countries where unemployment …

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …

of different job search methods, conditional unemployment benefit hikes can improve welfare when individuals are risk …

negative duration dependence of exit rates from unemployment. Our model has a number of novel testable implications. For …