Europe they tend to invest in more general types of social capital, we argue that part of the European unemployment puzzle … factor behind high unemployment when jobless people prefer to remain in their home region rather than to go prospecting in …, which appears to be a strong factor of immobility. It is also a fairly large factor of unemployment when social capital is …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable … unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in … unemployment …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers' bargaining power, the level of unemployment benefits and the payroll tax rate …

mobility, while unemployment increases in the country with labor market rigidities, reducing welfare. We also find that taste …

This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous … rate of unemployment. We distinguish between PMR related to entry costs and PMR that generates recurrent fixed costs. We … find that: (i) higher entry costs raise the rate of unemployment mainly through our novel selection effect, (ii) higher …

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …