unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on …

to reduce the currently high unemployment among the low-skilled dramatically. Among the high-skilled, scarcities will …

to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms’ financial … conditions, and, in turn, firms’ financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …

receive higher wages than employed singles. The model is applied to a welfare analysis of alternative unemployment insurance …

reciprocity and mutual obligations in the design of the welfare state. Unemployment benefits conditioned on work experience, no …

prevalent when unemployment is low, union density is high, and employment protection legislation is strict. …