We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy … consumption is always countercyclical); iii) stabilizes employment, in some cases even at the cost of higher consumption …

firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … level of education can notexplain the stronger cyclicality of the unemployment rate for lower educatedworkers. We conclude …

increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …

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 …

the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … subsequent tax rate adjustments to balance the budget lead to employment levels substantially lower than theoretically predicted …