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

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 …

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 …

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 …

We study the role of labour and credit market imperfections in the determination of equilibrium unemployment. In the … equilibrium unemployment, because it induces wage-enhancing effects that cause an increase in the outside option available to … union members. Equilibrium unemployment, which is also an increasing function of firms' bankruptcy risks, is however …

This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are … effectiveness out of the region of residence has an ambiguous impact on unemployment rates. While it reduces the probability of …

The "natural" in the natural rate of unemployment is a misnomer, insofar as unemployment does not occur in nature. The …