The paper develops an overlapping generations model that highlights interactions between social security, unemployment … and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a … direct effect on economic growth. Both pensions and unemployment benefits influence equilibrium unemployment caused by wage …

How does technical progress affect long-term unemployment in a small open economy? This relationship is evaluated in an … generated and influence the unemployment duration and the fraction of long-term unemployment negatively. Additionally, the model …

How can long-term unemployment be reduced by policy measures of the government? In this paper a growth …-matching-model is developed, in which the unemployment pool consists of heterogeneous unemployed workers, short-term and long … substitution and an income effect long-term unemployment can be reduced. Since the positive substitution effect implied by …

How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate … qualification-mismatch effect, increasing technological progress has adverse implications for long-term unemployment. Furthermore … favorable or less favorable for long-term unemployment depending on whether the creative destruction effect or the …

This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our … standard limit distribution. The empirical results suggest that the US unemployment rate can be specified in terms of a … with path dependency rather than a NAIRU model with an underlying unemployment equilibrium rate, hence giving support to …