provided unemployment insurance (UI) and loans against pension accounts changes over time in a model where unemployment may … unemployment; and even more so when there is a chance that the loan will not be repaid. As we present the optimal mix of loans and … loans should still be a part of the unemployment package for the young unemployed. We also show that, if the incidence of …

where efficiency wages lead to equilibrium unemployment, we show that if the elasticity of substitution is less than unity …, there will be a bias towards excessive labor augmenting innovation, resulting in too high unemployment, with convergence to … skilled and unskilled labor is less than unity, and there is efficiency wage unemployment for unskilled labor only, there is …

and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely …

This paper analyzes a social insurance system that integrates unemployment insurance with a pension program through an … individual account, allowing workers to borrow against their future wage income to finance consumption during an unemployment …-funded unemployment insurance program. We show that when the duration of unemployment is very short compared to the period of employment …

the wages they receive. In particular, we show that this hypothesis may explain the high urban wages and unemployment … control urbaxv'rural migration, but could control wages and urban employment, it would, in general, set wages and employment … generally, policy changes will affect both the urban wage and the level of unemployment, and these consequences need to be taken …

) wages and under (over) employment to encourage workers to leave (stay) at low (high) productivity firms; and it employs … information establishes that any consistent explanation for worksharing, layoffs, severance pay, quits and unemployment must focus …