This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the psychological costs of unemployment depend upon the unemployment level. The analysis reveals social … multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24-year-olds living in …

market performance and welfare. It is not clear that STWs reduce unemployment as the induced wage push discourages job …

incentives as it reduces the attractiveness of remaining a low-educated worker. However, unemployment also increases …

educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …

services are produced both in the market and within the households. We use the model to examine how unemployment and welfare … reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower taxes on …

educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …

educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …

and "services" are produced both in the market and within the households. We use the model to examine how unemployment and … services reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower …

taxation actually reduces unemployment, whereas more zealous enforcement has the opposite effect. …