. 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 …

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 …

distribution of assets and consumption) and the goal of increasing the aggregate level of output and employment. …This essay presents a rigorous theory of involuntary unemployment in less developed countries based on the observation … that at low consumption levels a person's overall ability to work is impaired. The theory links the incidence of …

Before the early 1970s generous welfare states seemed to be consistent with high employment. Since then, there has been … response of redistributive states to these same market forces could have led to a considerable fall in employment. …