. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … predictions of our simple model are consistent with the contrasting performance of the labour market in Europe and the United … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment; and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

unemployment, and relatively greater income equality, with the opposite path being pursued by the United States. While structural … shocks may initially create a positive trade-off between productivity and unemployment, they set in motion a dynamic path of … contributions of this paper are to show how a productivity-unemployment trade-off might emerge and how it might subsequently …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

, finally, (vii) What is the overall cross-country time-series evidence regarding the employment effect of the minima? The aim …

proportion of the workforce is unskilled, firms have little incentive to provide good jobs (requiring high skills and providing … high wages), and if few good jobs are available, workers have little incentive to acquire skills. In this context, the … countries have responded so differently to the broad-based shift in labour demand from unskilled to skilled labour. …

have been associated with employment cuts. Somewhat surprisingly, firm exits did not contribute significantly to aggregate …

unemployment this made sense. A bargaining model approach suggests, however, that this had a harmful impact on productivity growth …