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 …

rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …