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 …

Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of … life when wages, rents, and unemployment risk compensate for local amenities and disamenities. In particular, the paper … shows for quasi-linear utility that the effects of any amenity on wages and unemployment rates are of opposite sign …

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … endogenous. The poorer region exhibits both lower wages and higher unemployment rates, and migrants to the richer region are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

This paper investigates regional or international transfers as a means to prevent immigration into unemployment. We … analyze a two-country model with free migration in which the rich country is characterized by minimum wage unemployment … stronger productivity growth in the poor country, reducing both migration flows and unemployment in the rich country. This …

We investigate how continental European unemployment can be reduced without reducing unemployment benefits and without … reducing the net income of low-wage earners. Lower unemployment replacement rates reduce unemployment, the net wage and … unemployment benefits. A lower tax on labour increases net wages and - for certain benefit-systems - unemployment benefits as well …

program that extended unemployment benefits drastically for a subset of workers in selected regions of Austria. We use non … unemployment duration and probability of long term unemployment decrease. These effects are the largest when the program intensity …

This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … changes in the workforce distribution have non-negligible effects on unemployment rates, wages, and net output, but cannot be …

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

This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …

We consider an economy characterised by involuntary unemployment among low skilled workers, and investigate the … implications for employment and income of welfare schemes often advocated as less distortionary. We show that reducing unemployment … deterioration. To support employment, we suggest that systems grounded in contribution-based unemployment insurance schemes are to …