poor labor market to a better labor market. We find that modifications raise the unemployment rate by about 0.5 percentage … individuals losing skills as unemployment duration is longer …

We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.lt;brgt;lt;brgt;We proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …

. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …

show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the … impact of technical change on relative wages and unemployment in a world in which one country has flexible and the other …

labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and …

identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …

unemployment. The sample of approximately 15,000 observations is drawn from the 1988 Alcohol Survey of the National Health …