It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler …

, profit sharing, and equilibrium unemployment depending on whether in other industries profit share is or is not a part of the …. Under flexible profit sharing wage is higher if optimal profit share is small enough. For equilibrium unemployment, we find … that if there is no profit sharing in other industries, outsourcing will decrease the unemployment rate. But if profit …

-moderating (wage-increasing) effect so that there is a negative (positive) effect on equilibrium unemployment. Higher tax progression …

into how wages and unemployment rates adjust to economic integration. We distinguish between short-run effects for a given …

Zodrow and Mieszkowski (1986) are not preserved in the presence of unemployment. In the present paper we challenge this view …

high-wage country with an imperfectly competitive labour market so that outsourcing reduces equilibrium unemployment …

outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment …