Disappointing recent growth rates, the emergence of structurally unfavorable income and employment conditions, and …

structure in Europe in the 1980s. These different trends are the result of different investment decisions by firms for the jobs …

states of employment, unemployment, and non-participation. The determinants of actual household transitions are then …In this paper, the added worker effect is interpreted as a response to uncertain returns to labour supply offers by … members of a household. A model of household labour supply is developed In which each member's current labour force status …

Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard … develop a stylized model of frictional local labor markets with the goal of studying the efficiency of unemployment … housing costs, and lower unemployment rates. Although workers can move freely to arbitrage away differences in expected …

"This paper reviews the literature on employment and labor law. It is observed that all jurisdictions in the world have … extensive employment and labor law, even though many economists recommend a reduction in legal restrictions. The review of the …

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start … offshoring across occupations. Finally, we survey the literature that examines how offshoring affects employment and displacement …

understand job search among the unemployed and how job search is shaped by unemployment insurance (UI) and active labor market …

Before 1979, unemployment insurance (UI) benefits were not treated as taxable income in the United States. Several … unemployed persons to conduct longer than socially optimal job searches. Since 1979, however, UI benefits received by persons in … has had the predicted effect of reducing unemployment duration.The study uses data on a sample of persons that filed for …

atheory of consumption rigidity rather than wage rigidity. Another empirical implication is that unemployment incidence is … response to demand and productivity shifts. Unemployment is sustained because the marginal value of labor is not equated across … transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling …

idiosyncratic employment shocks against which they cannot insure directly. The labor market has a Diamond …We use the model to evaluate a tax-financed unemployment insurance scheme. Higher insurance is beneficial for … consumption smoothing, but because it raises workers' outside option value, it discourages firm entry. We find that the latter …