employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations …

coverage increases unemployment and leads to a real appreciation. Real wage restraint in the primary market, on the other hand …, reduces unemployment, and has ambiguous but probably small effects on the real exchange rate …

unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …

crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010, they were facing severe … reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …

impact on aggregate labor market performance and unemployment. In a two-sector labor market model with free mobility of labor …

This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It … main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition … theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly …

changes in aggregate demand, when inflation is rising and unemployment falling unexpectedly, also come with persistent long …