In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. -- Credit markets ; labor markets ; unemployment ; credit constraints ; search frictions …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers' bargaining power, the level of unemployment benefits and the payroll tax rate …. -- inflation ; unemployment ; search-matching ; Friedman rule …

suggest that a more progressive tax schedule reduces the unemployment rate and increases the employment rate. These findings …

because minimum wage increases unemployment, hence the marginal cost of redistribution is higher which gives a pretext for … high skilled workers to moderate low skilled workers claim for income redistribution. -- unemployment ; political economics …

instantaneous features of participation such as, perhaps, the adoption of a more rigorous daily routine. Unemployment benefits …

and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …

with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short … between government and social partners. -- unemployment ; inequality ; wage rigidity ; time inconsistency …

-employment. -- Self-employment ; state dependence ; labor market dynamics ; unemployment …