This paper combines matching frictions with e¢ ciency wages to deter shirking in a model that is estimated for the USA …

sein als in den USA und Europa. Das gilt auch für die politischen Reaktionen: Während die EU-27 die Arbeitslosigkeit bisher … the USA and Europe. This also holds true for the political reactions: While the EU-27 could keep unemployment largely in … check through the massive use of short-time work, mass unemployment has occurred in the USA that recalls the Great …

sein als in den USA und Europa. Das gilt auch für die politischen Reaktionen: Während die 27 Mitgliedstaaten der …The effects that the economic crisis triggered by COVID-19 is having on unemployment could hardly differ more than in … the United States and Europe. This divergence also applies to the political reactions to it. Whereas the 27 member states …

uncertainty on wage setting behavior in the larger monetary union and its effects on unemployment. In light of these effects …

both types of uncertainty on wage-setting behavior in the larger monetary union and its effects on unemployment. In light …

where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the …

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance … covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force … individual countries and labour force projections are given. We expect the labour force in Europe to decline during the next …