liquidity in the currency board-country. In the long run this corresponds to the risk of increasing the structural unemployment …

microfounded labor market framework with insider wage bargaining, labor turnovers costs and tax distortions. The calibrated model … in East Germany after unification, the existence of unemployment traps, their influence on labor market persistence and …

compensate the losers the government is assumed to introduce unemployment benefits (UB). These benefits are financed by either a … wage tax, a payroll tax, or a profit tax. Using a Melitz-type model of international trade with unionized labor markets and … UB: 1. wage tax, 2. profit tax, 3. payroll tax. …

paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a … reasonable elasticity of steady state unemployment with respect to changes in benefits. The calibration of the model implies low …

-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady …

selective extension of the potential duration of unemployment benefits. If social interactions are important, this policy change … affects entitled individuals not only directly, but also indirectly by altering the duration of unemployment in the reference …

In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We … imperfections increases when tax bases become internationally mobile, which suggests an increasing relevance of domestic labour …-market reforms when tax bases become global. …

This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …