Despite the unusually strong labor market of the late 1990s, the labor market outcomes for UI recipients …

This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When … growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is …

Despite the unusually strong labor market of the late 1990s, the labor market outcomes for UI recipientsâ …

decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …

decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …

that there exists a degree of trade-off between inflation and unemployment. However, since persistent and soaring inflation …This paper examines the major causes of Iran’s unemployment conundrum using a simultaneous-equation model and annual … time series data from 1968 to 2000. It is found that the rate of unemployment responds positively to output gap and …