equilibrium, thereby generating unemployment in the ‘East’. This slows the migration of human capital towards the East, but …

English-speaking ones) together with stubbornly higher levels of unemployment in many others. Australia has shared in the rise … persistent unemployment, butnot to the degree that many continental European countries have. This situation provides the …

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 …

according to the contract. The presence of a natural turnover rate in the unionized sector creates unemployment whenever the … union wage exceeds the competitive wage. Government intervention can increase both the equilibrium amount of unemployment … amount of unemployment and the flexibility of the labour market. Government intervention is especially damaging when labour …

unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … unskilled are more exposed to unemployment relative to the skilled, as compared with the latter. The two equilibria cannot be …

an individual employer-worker match is allowed, the impact of severance payments on unemployment duration and incidence …

workers, that this presumption is in general misplaced: the impact of severance payments on unemployment is qualitatively … unemployment, depending on the union’s coverage of outsiders’ contracts. This prediction finds empirical support in a panel dataset …