by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

findings are: 1. Relief jobs reduce unemployment and increase production in the public sector. How-ever, higher wage and search … costs crowd out private sector employment and production. Overall production falls. 2. Training programs reduce unemployment … increase private sector employment and production. Unemployment falls by less than under the relief and training programs. …

findings are: 1. Relief jobs reduce unemployment and increase production in the public sector. How-ever, higher wage and search … costs crowd out private sector employment and production. Overall production falls. 2. Training programs reduce unemployment … increase private sector employment and production. Unemployment falls by less than under the relief …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

In The Netherlands, as in many countries: unemployment rates of lower educated workers are higher and more cyclical … than unemployment rates of higher educated workers. In this paper we test whether this is caused by the fact that more …