real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers? federations are not able to …

This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in …, equilibrium unemployment is a U-shaped function of the ratio of total demand to total supply on this market. When prices are at … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …

higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving … costs and thereby regional mobility and unemployment. The paper analyzes the impact of symmetric and asymmetric shocks on … mobility and unemployment, and discusses effects of government intervention in the housing market. In addition, it is shown …

unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and … unemployment results, which may explain the persistence of high unemployment in Europe. If all general equilibrium effects are … incorporated at once, again low real wages and low unemployment results. We thus obtain a hump-shaped relationship between the …

insiders to firing restrictions does not necessarily worsen unemployment. In fact, it may be the willingness of a majority of … unemployment and deteriorates efficiency. Moreover, we argue, that the concentration of firm ownership is likely to influence labor …

proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …