An empirical model is presented linking inflation and unemployment rate to the change in the level of labour force in … US, Japan, France and other developed countries and provide additional validation of our quantitative framework based …

institutions of labor market and remittances on unemployment. In our model, the remittances take the form of insurance against … involuntary unemployment. In this environment, it was shown that remittances sent by the diaspora provide consumption and savings … and increase the amount of national physical capital. Since the rate of unemployment decreases with the size of the …