We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous … equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is … long-run equilibrium unemployment is an increasing function of product market imperfections when the elasticity exceeds …

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is …

hervorgehoben. Basierend auf diesen theoretischen Überlegungen und Fallstudien zur Automobil‑, Elektronik- und Bekleidungsindustrie …. Based on these theoretical considerations and case studies on the automotive, electronics and clothing industries, the …

for equilibrium unemployment in an economy with product and labour market imperfections. We show that intensified product … market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more complex …. Higher capital intensity will decrease the equilibrium unemployment when the elasticity of substitution between capital and …

OECD. We first model the wage determination process and show that unemployment, the labour share, and the wage differential … is ambiguous. Stronger unions and/or a more generous unemployment benefit tend to reduce inequality through reduced wage … differentials, a higher labour share, and also higher unemployment. We then use a panel of OECD countries for the period 1970-96 to …

share, and the unemployment rate, hence labour market institutions are an essential determinant of the distribution of …, second, that stronger unions and a more generous unemployment benefit tend to reduce income inequality. High capital …