real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …

for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

The relationship between unemployment benefit duration, unemployment duration and subsequent job duration is … be correlated with unemployment duration as well as accepted job duration. I examine two potential explanations for the … relationship between unemployment and job spell durations; UI benefits increase job matching quality vs unobserved heterogeneity. I …

bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …

monthly employment and unemployment rates and the monthly transition intensities between the states of employment …, unemployment, and out-of-thelabor- force for the German labor market between January/February 1983 and November/ December 1994. The …

apprenticeship training have longer job durations. In contrast, the larger the number of unemployment and employment spells, the …