margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

European Commission, where the labour market equilibrium is determined by firms’ labour demand, unemployment and interregional … confirm that wages and unemployment are by far the most important channels of labour market adjustment in the EU. In contrast …

margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

-curve with unemployment, and inter-regional labour migration. The RHOMOLO model is parameterised by estimating the key structural …, and assess the impact on regional labour markets. Our results con?rm that wages and unemployment are by far the most …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … policies on wages and unemployment. …

costs of mitigation policy are affected in two ways: first by introducing extra costs due to the increased unemployment that …

effects, low real wages and low unemployment are the result. With an intermediate view, i.e. when partial equilibrium effects … within a sector are taken into account, high real wages and unemployment result. If all general equilibrium effects are … simultaneously considered, we once again obtain a situation of low wages and unemployment. The assumption that unions and employers …

levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …

Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980's. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …

compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … unemployment. …