This paper provides a novel justification for a declining time profile of unemployment benefits that does not rely on …

This article analyzes the behavioral effects of unemployment benefits (UB) and it characterizes their optimal level … decrease the duration in unemployment. Extensive numerical simulations indicate that the relationship between the level of the …

involuntary unemployment and by allowing for labour taxation as a second source of public funds. For a large class of production …

We show that in a Ricardo-Viner-type trade model with unemployment due to search and matching the productivity effect …

a highly indebted open economy. In contrast to the standard open economy framework, search unemployment and wage … intertemporal welfare gain, even though unemployment increases strongly in the short run. A 50% haircut of foreign debt … significantly reduces the initial response of the unemployment rate. In case of a temporary productivity shock, sticky wages imply …

In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …

sharing, which results in aggregate unemployment. In this extended model, offshoring furthermore has non-monotonic effects on … unemployment and intra-group inequality among workers. The paper also offers a calibration exercise to quantify the effects of …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …