might have a positive impact on aggregate unemployment, while a demand shift from the primary to the secondary sector could …

determined by the overall unemployment rate. It is argued both on analytical and numerical grounds that the second alternative is …

equate the expected urban wage (given a downward rigid real wage in the urban sector) to the real wage. Unemployment is … endogenously determined. Interpreting unemployment as damage, urban pollution (damage denoted in units of labour) can also support … the same equilibrium with the value of damage equal to the value of resources otherwise lost through unemployment. However …

bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the … sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect … intersectoral labor mobility, unemployment in the offshoring sector can rise, with an unambiguous unemployment reduction in the non …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

This paper identifies a data-consistent, equilibrium model of unemployment, wage dispersion, quit turnover and firm … firm growth rates depend on firm productivity but not on firm size. Aggregate unemployment evolves endogenously …