unskilled workers in the flexiwage economy and lower the unemployment in the minimum wage economy. This follows because … unemployment may be a source of competitive advantage due to the income effect. If the two countries differ only in terms of factor … endowments (but operate the same minimum wage) free trade moves the two countries towards an equalisation of unemployment. …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … European unemployment. This paper seeks to provide a unified account of these major factor market developments. …

autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European …

equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …

be called Embodied Human Capital Unemployment. This is a phenomenon not seen before in social history, simply because … around for a while as we all live our lives. I illustrate the relevance of this new concept of unemployment to the U …

equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …

. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …

labor market. The co-existence of positive wage spans and unemployment is explained by wage rigidities that are …

setting. I review new developments in search theory and discuss the influence of minimum wages on wages and employment under … heterogenous case theoretical results are mixed. There is no unique connection between unemployment and minimum wages, and the … market, seem to support the hypothesis that an increase in the minimum wage generally leads to an increase in unemployment as …