groups. If the rate of job destruction is sufficiently low, the unemployment rates can get close to steady-state values … during the transition. Within the realm of feasible scenarios unemployment differentials are basically determined by the … unemployment benefits and provision of direct support to the employers of low-productivity workers. -- Unemployment Models …

groups. If the rate of job destruction is sufficiently low, the unemployment rates can get close to steady-state values … during the transition. Within the realm of feasible scenarios unemployment differentials are basically determined by the … unemployment benefits and provision of direct support to the employers of low-productivity workers. …