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

voluntary non-participation and involuntary unemployment which is caused by labor market rationing and model the dynamics of … allows us to test for true state dependence of voluntary non-participation, involuntary unemployment, full-time work and over …

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 …

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 …

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 …