quantitatively underestimates the correlation of structural unemployment rates across countries. This mirrors the well-known finding … by Shimer (2005) by which thestandard search-and-matching model predicts too small fluctuations of unemployment rates …

. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations into a New-Keynesian model. Using a Bayesian … the two models and both provide a good empirical fit, with the crucial difference that our model delivers unemployment … fluctuations. Thus, second-moment statistics of the US rate of unemployment are replicated reasonably well in our proposed New …

-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 …

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

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

In order to alleviate unemployment it is often recommended to reduce social security contributions (SSC) and to … compensate for the ensuing loss in revenues by a rise in the value-added tax (VAT). Assuming unemployment to be caused by … neutralised, for example, by imposing a constant wedge, the employment impact will depend on the nature of the unemployment …

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …