shown to be constrained Pareto optimal; unanticipated tariff policy cannot be Pareto improving over free trade …

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 …

We develop a computable general equilibrium model of the United States economy to study the unemployment effects of … climate policy and the importance of cross-sectoral labor mobility. We consider two alternate extreme assumptions about labor … carbon tax on aggregate unemployment is small and similar across the two labor mobility assumptions (0.2–0.3 percentage …

During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions … increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board … implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 40%: increasing …

This paper analyzes the effects of environmental policy on employment (and unemployment) using a new general … policy causes a substantial shift in employment between industries, but the net effect on overall employment (and … unemployment) is small, even in the short run. An environmental performance standard causes a substantially smaller sectoral shift …

A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key … regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose … unemployment …

, there is a critical interaction between the degree of price stickiness, monetary policy and the duration of an increase in … unemployment benefits …

We study the incidence of pollution taxes and their impact on unemployment in an analytical general equilibrium … efficiency wage model. We find closed-form solutions for the effect of a pollution tax on unemployment, factor prices, and output …