We investigate the interaction between labour and credit market imperfections for equilibrium unemployment in the …; reduced credit market imperfections increase equilibrium unemployment if the labour market imperfections – measured by the … higher bankruptcy risks increase equilibrium unemployment under similar conditions. …

In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually … wage-setting curve with outcomes under other unemployment compensation schemes. In particular, we show that the widely used …

reduces equilibrium unemployment under circumstances with sufficiently ?rigid? labour market institutions, i.e. sufficiently …

We show that a stronger earnings relationship of unemployment compensation reduces wages and increases employment in an …-manufacturing wages and a 7.3% reduction in unemployment. …

for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore …