levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …

and 'services' are produced both in the market and within the households. We use the model to examine how unemployment and … services reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower …

unemployment. Utilizing this framework, the paper provides different empirical identification strategies in order to disentangle … the various means through which unemployment alters both the well-being and utility of an individual and shows, by … reviewing some of the recent research in which I have participated, that unemployment primarily threatens an individual …

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

small reduction in the unemployment benefits, or introducing a small cash bonus for workers that get a new job, may have no … e.ect on unemployment in some cases, while eradicating significant levels of unemployment in other cases. Our analysis … multiple equilibria may exist in a game involving both workers and an unemployment-averse government. Furthermore, we explore a …

In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the … accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the …

The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

unemployment down to the minimum feasible rate which in the U.S. is most likely around 1.2%,--the rate which prevailed in 1944 and …