This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment … during employment but dismissal delays insure partially against the unemployment risk because of moral hazard. During the … risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial … frictions that allows us to distinguish between different sources of risk and to estimate their effects. The sources of risk are …. Estimates of productivity risk, once we control for employment risk and for individual labour supply choices, are substantially …

Health Survey data from ten countries. We find that periods of relative high unemployment are associated with lower fertility … postpone and even reduce childbearing in response to downturns. This behavior is mainly associated to increasing unemployment … periods of unemployment may be good to have children because opportunity costs are lower, maternity is reduced or postponed …

In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …

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

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

In order to alleviate unemployment it is often recommended to reduce social security contributions (SSC) and to … compensate for the ensuing loss in revenues by a rise in the value-added tax (VAT). Assuming unemployment to be caused by … neutralised, for example, by imposing a constant wedge, the employment impact will depend on the nature of the unemployment …

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …