of real shocks. Consequently, more advanced economies should have higher unemployment rates and be more prone to crisis …

poor labor market to a better labor market. We find that modifications raise the unemployment rate by about 0.5 percentage … points, and reduce output by about 1 percent, reflecting both lower employment and lower productivity, which is the result of … individuals losing skills as unemployment duration is longer …

matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete … set of contingent claims conditional on this risk.We use the model to evaluate a tax-financed unemployment insurance … for different kinds of consumers. We also demonstrate that productivity changes in the model---in steady state as well as …

Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995 …, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment …

In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by … search frictions. We find that, contrary to general perception, wage increases and sectoral unemployment decreases due to …

employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While … the proximate cause of high unemployment is that prevailing wages levels are too high, the deeper cause lies elsewhere …. High unemployment and low growth are both ultimately the result of the shrinkage of the non-mineral tradable sector since …

How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe … not harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …

and productivity remain depressed. This is because when limits tighten, low-asset, low-productivity job losers cannot self …

impact of raising aggregate productivity. These results suggest that the dispersion of entrepreneurial abilities is small in …