-skilled labor markets, increasing unemployment of native low skilled. Legalization, instead decreases the unemployment rate of low … the US economy. To answer this question we set up a two-country model with search in labor markets and featuring legal and … the labor cost of employers who, as a consequence, create more jobs per unemployed when there are more immigrants. Because …

, then firms will require more effort, lowering the value of additional labor and reducing new hiring …

Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes …. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical … sets of person-level characteristics. We exploit this larger and more detailed data set to examine the labor market …

This paper uses a sample of 116 recession episodes in developed and emerging market economies to compare the labor …-market recovery during financial crises with that of other recession episodes. It documents two new stylized facts. First, labor …-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …

This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We … show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …

In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor … market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors … as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality …

setting mechanisms for fluctuations in unemployment. We show the role of labor market frictions and real wage rigidities in … unemployment stabilization, and its dependence on labor market characteristics. We draw the implications for optimal monetary …We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

firm. We overview key theories related to offshoring and its labor market effects and survey three waves of the literature …

during cyclical downturns, when the opportunity cost of reallocation is lowest. Malfunctioning labor markets can disrupt this …, labor market inefficiencies generally lead to technological 'sclerosis,' characterized by excessively slow renovation …. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …