Italian labor market is considered to be the most highly regulated among OECD countries, the unemployment rate in the North … unemployment rate between two to five times higher than the North. GDP per capita is also twice in the North than in the South … equilibrium matching model, explain the high unemployment rate in the South and, perhaps more interestingly, the low unemployment …

unemployment. Finally, we characterize the optimal production mode and show that stronger labour market imperfections lead to a …

This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …

This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … unemployed. Their decisions over job-search are thus typically not optimal and hence the equilibrium unemployment rates are … changes in the workforce distribution have non-negligible effects on unemployment rates, wages and net output …