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 …

by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

This paper provides some of the first empirical evidence on the psychological impact of past unemployment. Using eleven … lower the greater has been the past experience of unemployment. In this sense, unemployment scars. However, an interaction … term between current and past unemployment attracts a positive coefficient. This suggests a habituation effect whereby the …

whereby unemployment affects investment and growth. The model generates a growth unemployment rate trade-off. A reduced … propensity to save raises growth but it also raises the unemployment rate because of induced technological progress. This … unemployment affects income distribution; introduction of a Phillips curve and inflation effects; and introduction of demand growth …

the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend …This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …

Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … relative attractiveness of vacancy referrals increases over the time spent in unemployment. Overall, around 9% of sickness …

As the recent financial crisis has revealed, the state is central to the stability of the money system, while the … chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public … resource that has been hijacked by capitalism. Mary Mellor explores the history of money and modern banking, showing how …