Using time-diary data from four countries we show that the unemployed spend most of the time not working for pay in additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment duration and the split of time between household...

This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equilibrium model economy. Matching between workers and vacancies with endogenous time spent in search, Nash-bargained wages, payroll taxation, and...

Payroll taxes represent a major distortionary influence of governments on labor markets. Thispaper examines the role of payroll taxation and the social safety net for cyclical fluctuations ina nonmonetary economy with labor market frictions and unemployment insurance, when thelatter is only...

Abschluss der ifo Jahresversammlung 2006 war eine hochrangig besetzten Podiumsdiskussion zum Thema "Jobs für Deutschland". Diskussionsteilnehmer waren - neben Minister Huber und Prof. Sinn - Prof. Michael Burda, Ph.D., Humboldt-Universität zu Berlin, Prof. Dr. Ingolf Deubel, Staatsminister der...

Abschluss der ifo Jahresversammlung 2006 war eine hochrangig besetzten Podiumsdiskussion zum Thema "Jobs für Deutschland". Diskussionsteilnehmer waren - neben Minister Huber und Prof. Sinn - Prof. Michael Burda, Ph.D., Humboldt-Universität zu Berlin, Prof. Dr. Ingolf Deubel, Staatsminister der...

Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination. This paper models wage rigidity and collective bargaining endogenously, when workers differ by observable skill and may adopt either individualised or collective wage...