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greater the productivity gap from the leader country, but differences in unemployment benefit systems can lead to relative … social welfare benefits generate high unemployment and reduce the amount of labour employed for R&D purposes. Furthermore, it …
Persistent link: https://www.econbiz.de/10011090640
unskilled labour and transfer them from a high-unemployment to a low-unemployment sector. Programmes have a direct labour …-transfer effect which tends to reduce total unemployment. They also have effects on wages via expectations. The later effects were to … general, the net effect on unemployment is ambiguous. The model explains the conditions under which active labour market …
Persistent link: https://www.econbiz.de/10005419567
This paper proposes a model of efficiency wage with endogenous workers flows in interaction with imperfect competition on the product markets. Subject to economy-wide shocks, firms hire and fire workers thus generating a certain turnover. We show that the intensity of this turnover negatively...
Persistent link: https://www.econbiz.de/10009353666
unemployment and labor market segmentation. I use an efficiency wage model in which the firm's choice of contracts and the renewal … higher the firing costs of permanent contracts are. Introducing fixed-term contracts can imply higher unemployment even in a …
Persistent link: https://www.econbiz.de/10010547205
proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …
Persistent link: https://www.econbiz.de/10005700853
), effective demand, and involuntary unemployment. …
Persistent link: https://www.econbiz.de/10005619911
uses the model to explore the long-run relationship between unemployment and growth. The rate of productivity growth is …. For inStance, an exogenous increase in the growth rate may raise the rate of efficiency-wage unemployment, and a once …-for-a1l rise in the labor force may reduce the unemployment rate in the endogenous-growth case. …
Persistent link: https://www.econbiz.de/10005627049
-wage model of unemployment based on Shapiro and Stiglitz (1984). An important feature of our model is that a firm can raise the … variables such as job separation rate, technological advances, market size, and unemployment benefits. Furthermore, by comparing … with the competitive equilibrium we find that monopoly is associated with higher unemployment rate, smaller output, and …
Persistent link: https://www.econbiz.de/10010573355
unemployment rate. The labor market friction, on the other hand, affects unemployment in the short- and long-run but has only a …
Persistent link: https://www.econbiz.de/10005593750
employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …
Persistent link: https://www.econbiz.de/10005642474