by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

minimum-wage increase raises involuntary unemployment, but also raises skill formation as some individuals avoid unemployment … skill formation outweigh both the public revenue losses from additional unemployment and the utility losses of inefficient … the revenue losses from higher unemployment. We write this condition in terms of measurable sufficient statistics. Our …

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …

. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …

pertaining to regional unemployment in Germany. The available data set comprises information about the share of unemployed …

rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …

Unemployment rates appear to vary widely at a subregional (e.g., local or provincial) level. Using spatial econometric … models for spatial autocorrelation, this paper focuses attention on the spatial structure of regional unemployment … of unemployment in the 103 provinces of Italy for the years 1998 and 2003. The results suggest that there is a clear …

We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …