Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. It is shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between workers’ skills and firms’ job requirements.

In this paper we give a clear-cut explanation to the sluggish wage adjustments which are commonly experienced also in face of involuntary unemployment. We prove that unemployment may be the physiological outcome of rational decisions by competing workers who may find it optimal to ask higher...

Expansion of earning opportunities and increment in earning levels are dual objectives of policymakers in developing countries. The structural adjustment programme in India tried to ensure both through higher growth targets, and manufacturing sector has seen the most sweeping changes. It is now...

Employment, unemployment and, more generally, the theme of work are the issues that have become a social emergency and are central to the debate on economic growth. This paper examines the employment and unemployment in Italy and Europe in the nineties, ie in a period of major institutional...

The active measures are the main strategies that have the effect of reducing the unemployment, on short, medium and long term. An active measure has the effect of employment growth, by creating new jobs or by facilitating the access to vacancies. This paper aims to inform about the active...

Sialkot, the export city of Pakistan is earning $900 million per annum by exports. The major exports are the sports goods, surgical instruments, leather products, martial art instruments, musical instruments and sports wear. All these products are value-added by cottage industry. How the export...

The present study is based on 5208 observations, which is comprised of participant households of microcredit programs, non-participant households of program villages as well as non-participant households from control villages. We found that among the participant households 37% depend on wage as...

This paper investigates how firms dynamically adjust their use of capital, labor, energy, and materials when there are both smooth and lumpy adjustment possibilities and interrelation among adjustments. The Colombian Annual Census of Manufacturing provides evidence of these kinds of adjustment....

“Employment and sustainable development: education, training and R&D in the regulation of the labour market” Ilona Kovács & Margarida Chagas Lopes Abstract Sustainable development has been considered in various discourses as the answer to the economic, social and ecological crisis. However,...

The paper describes the main featues of the labor market and the social safety net in Korea, analyzes the causes and macroeconomic consequences of the dual labor market, and discusses the government's reform proposals.