, considers effects of wages and social security benefits on labour mobility, analyses structural unemployment and frictional …ILO pub. Article on comparison of causes and economic policy implications concerning unemployment in Germany, Federal … unemployment, and finds that the majority of unemployment is due to insufficient demand and, therefore, macro- economic in nature …

"Using a model with constant relative risk-aversion preferences, endogenous labor supply and partial insurance against … cost associated with missing insurance markets. On the other hand, greater wage dispersion presents opportunities to raise … second moments of the joint distribution over individual wages, consumption and hours"--National Bureau of Economic Research …